When the owner and the construction contractor agree to a predetermined price that cannot be exceeded for the construction work, but will both share in any savings generated by the work being completed a price that is lower than the predetermined price; the contract format is known as ___________________ ______ contract.
A. maximum guaranteed price
B. incentive and penalty
C. cost plus fixed fee
D. unit price
Question 2
A set of construction documents that show how the construction was actually performed are known by the name ___________________ __.
A. as-built drawings
B. presentation drawings
C. commissioning drawings
D. none of the above
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