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  3. explain what is meant by the two terms: \"price ba

Explain what is meant by the two terms: \"Price based Contracts\" and \"Cost-based Contracts

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Civil Engineering

Explain what is meant by the two terms: \"Price based Contracts\" and\"Cost-based Contracts

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Ans PRICE BASED CONTRACTS These contracts are very much suitable for those projects there are conditions of rivalry or the competiton exits and thats why the owners requirement is provided in sufficient amount so as to determine the overall pricing and the scope of the work    See Answer
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