The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LUMP SUM BID Definition & Legal Meaning

Definition & Citations:

Single value bid. Expected to cover all cost for the project involved. Includes equipment, labor, material, overheads, and services, as well as the contractor’s fee or bonus for completing the items of work comprising the job. All of this is done without providing a cost breakdown.


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