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In facility management, contracts are essential tools for defining responsibilities, expectations, and service levels between clients and service providers. There are several types of contracts used depending on the scope of services, duration, and risk allocation. 1. Lump Sum Contract: Also known as a fixed-price contract, it involves a single agreed price for all work specified in the agreement. It is suitable for projects with ________ ___ __________ ______ _______ ____ __________ __________ ________ _________.
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