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Contract types

Which of the following types of contracts offers least control of subcontractor selection and bid amounts?
A. Cost of the work plus a fee
B. Fast-track
C. Stipulated sum
D. Guaranteed maximum price

AnswerC. Stipulated sum. The owner enters into an agreement with the GC before having an opportunity to approve subcontractors or their bid amounts.

ARE 4.0 exam prep: CDS

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