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In the bid markup, profit is generally assessed asWhereas lump-sum bids involve calculating a single final price and assembling a list of subtrades, with a
In the bid markup, profit is generally assessed asWhereas lump-sum bids involve calculating a single final price and assembling a list of subtrades, with a unit-price bid, the contractor is also required to complete a "_______", that is, an itemized breakdown of the work of the project.a compensation for the risk taken by the contractor
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