Before revision: Typical Lump Sum Contract Structure Lump sum contract in construction is one of the construction contracts, which is sometimes referred to as stipulated-sum, a single price is quoted for the entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance.
After revision: Typical A lump Sum Contract Structure Lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, a single price is quoted for anwhere entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance.