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(b) In a large project, which of these contracts is preferred when purchasing:- (i) Assets only; [5 marks] (ii) Services only; [5 marks] - fixed

(b) In a large project, which of these contracts is preferred when purchasing:- (i) Assets only; [5 marks] (ii) Services only; [5 marks] - fixed price contract Fixed price or lump sum contracts (iii) Assets and services. [5 marks] Justify each of the your three answers

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