Lump meaning in the quotation Unit

In the context of the quotation unit, the term "lump" typically refers to a fixed or bulk amount rather than an itemized or detailed breakdown.

Possible Meanings:

1. Lump Sum – A single, fixed payment instead of multiple smaller payments.
   Example: "The contractor was paid a lump sum for the entire project."
2. Aggregated Amount – A combined total without individual details.
   Example: "Expenses were quoted as a lump figure rather than per item."
3. Undivided Quantity – A whole amount not separated into parts.
   Example: "Materials were supplied in a lump shipment."

In a Quotation Unit:

If a quotation mentions a "lump" price or cost, it usually means:

• A total price for the entire job/service (not per unit/hour).
• No further breakdown is provided unless requested.

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