Homework Answers
Answer- a or d because Lump sum/Fixed wage
Contract is almost the same.
so choose option d- Fixed Wage Contract
In lump-sum/fixed wage contract total contract amount is specified which will be paid for the construction work. The owner agrees to pay the fixed price and the contractor finishes the work for the fixed price.
Here David has agreed to work on a fixed $500 amount. So it is a Fixed wage contract.
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