Question: Question 16 Select the payment method that best fits each of the following statements: The Owner pays the actual construction cost in addition [ Choose

Question 16 Select the payment method that best fits each of the following statements: The Owner pays the actual construction cost in addition [ Choose ] to a fee to cover the contractor's service Best used for projects where type and quality of work is [ Choose ] known but quantities are uncertain. Payment is based on the actual quantity of work installed [Choose ] and based on agreed rates for different work types The Contractor agrees to complete the project for a predetermined price [ Choose ] Typically used for traditional and well-defined projects [ Choose ] Best used for ill-defined projects or if owners want to [ Choose bring construction experience before the design is finished Choose Cost Plus Unit Price Lump Sum Previous

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