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For each of the questions below, answer with the following types of contracts: UP = Unit price CP = Cost-plus L5 = Lump sum Which type of contract provides the owner with the best estimate of the construction cost at the beginning of the project? [ Choose ] v Which type of contract would require the project to be well dened even though exact quantities need not to be known? [ Choose ] v Which type of contract is appropriate when the actual costs of a project and scope of work are difcult to estimate with accuracy? [ Choose ] v For which type of contract is it likely that construction cost is not optimized? [ Choose ] v Which type of contract allows the . . [ Choose ] v work to start Without detailed plans? Which of the following statements about unbalanced bids is correct? C] An owner may reject a heavily unbalanced bid as an irregular bid C] Owners may sometimes accept a small amount of front-end unbalancing so a contractor can nance the early stages of a project C] Unbalancing a bid to take advantage of an owner's error is unethical C] Unbalanced bids are not a problem - the owner pays the same as with a balanced bid