Which statement describes a Fixed Bid contract? The dollar amount is based on the number of days needed to completed a segment of project work. The dollar amount for completing a segment of project...

Which statement describes a Fixed Bid contract?

• The dollar amount is based on the number of days needed to completed a segment of project work.


• The dollar amount for completing a segment of project work varies.


• The dollar amount is based on the items needed to completed a segment of project work.


• This is a specific dollar amount for completing a segment of project work