Question: You are considering using a fixed - price ( FP ) contract because you have well - defined requirements for your construction project. With your

You are considering using a fixed

-

price

(

)

contract because you have well

-

defined requirements for your construction project. With your requirements and understanding of the contractor's competition, you are confident you can establish a complete statement of work. The fee or profit in this type of contract is:

You are considering using a fixed-price (FP) contract because you have

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