Before revision: According to Associated General Contractors of America (AGC), “In a lump sum contract , the owner has essentially assigned all the risk to the contractor, who in turn can be expected to ask for a higher markup in order to take care of unforeseen contingencies.
After revision: According to Associated General Contractors of America (AGC), With a lump sum contract , the owner has essentially assigned all the risk to the contractor, who in turn can be expected to ask for a higher markup in order to take care of unforeseen contingencies.