What is not listed as Fixed-price (FP) Contract or Lump-Sum Agreement?

  • A. The contractor with the lowest bid agrees to perform all work specified in the contract at a fixed price
  • B. The disadvantage for owners is that it is more difficult and more costly to prepare
  • C. The primary disadvantage for contractors is the risk of underestimating project costs.
  • D. Performance and schedule incentives

Answer: Option D