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DaeguDiva DaeguDiva Fri Sep 06 2024 | 7 answers 1527

What is a fixed fee in construction?

Excuse me, could you please elaborate on what exactly a fixed fee in construction entails? I'm curious to understand how it differs from other payment arrangements in the industry, and what specific benefits or drawbacks it might offer to both the contractor and the client. Additionally, could you provide some real-world examples of how a fixed fee might be applied in a construction project?

What is a fixed fee in construction?

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