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In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.

In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount. Correct Answer False

In lump sum contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount. In this an owner agrees to pay a contractor a specified lump sum after the completion of work without a cost breakdown. After work no detailed measurements are required.

Related Questions

A contractor undertook a project to complete it in 20 days which needed 5 workers to work continuously for all the days estimated. But before the start of the work the client wanted to complete it earlier than the scheduled time, so the contractor calculated that he needed to increase 5 additional men every 2 days to complete the work in the time the client wanted it: If the work was further increased by 50% but the contractor continues to increase the 5 workers o every 2 days then how many more days are required over the initial time specified by the client.
Ram can dig a well in 36 hours but due to some illness his capability of doing work reduced and so he now takes longer hours to do same amount of work. A contractor gave him contract on basis of his previous health conditions. If contractor loses Rs. 5 per hour for delay in work then find how many hours Ram took to dig one well if contract includes digging of 15 wells and contractor lost Rs. 1800?
Which of the following statements are true/false?
1. Every contractor needs to furnish to the specified authorities the particulars regarding recruiting and employment of migrant work men in Form X.
2. The wages of every migrant workman in an establishment by a contractor where less than 1000 workmen are employed has to be paid before seventh and in other cases before tenth every month.
3. No wage period shall extend one month.
4. If the employment of any migrant workman is terminated by or on behalf of the contractor, the wages earned by the migrant workman shall be paid before the expiry the second working day from the day on which his employment is terminated.
Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: M and N can complete the work in 10 and 20 days respectively. They started doing work together but after 4 days M left the work. In what time N can complete the remaining work? Quantity B: A and B can together complete the work in 12 days. A alone can complete the work in 30 days. If B works for first 4 days alone and then A joins the work, in how many days remaining work will be complete?
A contractor took a contract to complete a work in 75 days. To complete the work he employed 50 workers. After 50 days, he found that only 2/5th of the work was completed. To complete the contract on time, how many extra workers should he employ?
The pie chart given below shows the amount spent by a boy on the purchase of six different items. The total amount spent on all these six items is Rs. 54000. The amount spent on a specific item is represented as a degree with reference to the total amount spent on all these six items. Which of the following statement(s) is/are correct? I. The amount spent on article A is Rs.900 less than the amount spent on article B. II. The amount spent on article C is Rs 2400 more than the amount spent on article D. III. The ratio of the amount spent on article B to the amount spent on article E is 4 : 1.
A, B and C can together complete a work in 20 days. On the other hand, B and C can together complete the work in 30 days, while C can complete the work alone in 50 days. If A left when the work was 20% complete, while B left when the work was 50% complete, and C completed rest of the work alone, in how many days will the work be complete?
Given below are two quantities named 1 and 2. Based on the given information, you have to determine the relationship between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity 1: P and Q can do a work in 6 days and Q and R can do a work in 60/7 days and P and R can do a work in 20/3 days. If Q and R work for first 2 days and left the work. Find the total time taken by P to complete the remaining work. Quantity 2: A and B can do a work in 8/3 days, B and C can do the same work in 3 days and A and C can do the same work in 24/5 days. In what time C alone can complete the work?
A contractor undertakes to do a piece of work in 40 days. He engages 100 men at the begining and 100 more after 35 days and completes the work in stipulated time. If he had not engaged the additional men, how many days behind schedule would it be finished?
Paddy transplantation in Punjab is a very hard labor-intensive back-breaking job. In the transplant season, teams of special people swarm the entire rural landscape employed by the farmers and can be seen laboring away in the fields under the hot sweltering sun. Farmer Jagtar Singh has a full-time help at his sprawling farm who goes by the name of Hari, and who hails from Allahabad, UP. During the paddy transplant season, it is up to Hari to rope in his brothers, sons, and cousins from his native village to complete the task well in time. All his people are skillful and masters of the trade and equally efficient at their jobs. So, this past season, this is how the work went. Hari started the work and after 't' hours was joined in by his brother Jaggi. After another 't' hours, Neelu, their cousin, also jumped into the fray. So, after every 't' hours, 1 person kept on joining the team of already working men, and this process kept on continuing till the completion of the work. The last person worked for 't' hours. In the last season, the very same men had completed the same work working 2 shifts of 12 hours all of them working simultaneously owing to some peculiar weather conditions and time constraints. Jagtar Singh is a fair and just paymaster which is why he faces no labor shortage at this crucial time and which is why the whole 'Hari clan' are more than happy to work for him and are at his beck and call. He pays each of them individually proportional to the work done by them. This time around, Hari received 11 times as much as Surinder, his eldest son, who was the last person to join in. In how much time was the work completed?