Question: Which statement describes a Fixed Bid contract? The dollar amount is based on the items needed to complete a segment of project work. The dollar

Which statement describes a Fixed Bid contract?
The dollar amount is based on the items needed to complete a segment of project work.
The dollar amount for completing a segment of project work varies.
This is a specific dollar amount for completing a segment of project work.
The dollar amount is based on the number of days needed to complete a segment of project work..

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