Question

Which term refers to a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology and function or their ultimate purpose or use (GAAP)



A. Fixed price contract
B.Construction contact
C. Cost plus contract
D.None of these


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Will mark brainliest for best explanation :)

Answer 1

Answer:

B. Construction contact

Explanation:

It is a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology and function or their ultimate purpose or use.

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