If a Contract Price Is Not Stated in a Professional

question 51

True/False

If a contract price is not stated in a professional services contract,the principle of quantum meruit will be deemed to be inapplicable.

---

Definitions:

Takt Time

Takt Time is a manufacturing term that represents the average time interval between the start of production of one unit and the start of the next unit, aligned to meet customer demand.

Operation Time

The total time taken to complete a specific task or process, including both productive and non-productive periods.

Cycle Time

The total time from the beginning to the end of a process, including process and wait times, indicating the speed of production.