What is a Lump-Sum Contract?
A lump-sum contract is a construction contract with a fixed total price where the contractor bears the quantity risk.
- Detail lump-sum: Based on detailed BoQ with frozen quantities
- Global lump-sum: Based on functional description
Risk surcharge typically 5-15% on calculated costs.
Patterno Helps
Patterno-HIT identifies lump-sum tenders. Patterno-BID supports risk assessment.