Lump Sum Item بند مقطوعية
Definition
An item priced as a single total sum instead of a unit rate and a quantity, paid against its progress rather than by measuring its quantities.
Example
A site mobilisation lump-sum item of SAR 380,000 paid in three instalments.
Where it is used
Work that is hard or unnecessary to measure by a unit.
Related terms
From the term to the work
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