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The Contract Documents as if singular in number. OverviewIs a Verbal Agreement Valid?Independent contractors provide goods or services according to the terms of a contract they have negotiated with an employer. OverviewWhat Is a Lump Sum Contract? "Board" means the Board for Contractors. The complete agreement between the contractor and the owner and a clear description of any other documents which are part of the agreement. Fixedprice contracts stipulate a set price for projects.