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What is the speed of light and how fast does it take a photon to move between the Sun and Earth?
Inflation Adjusted Price
A price that has been modified to reflect the changes in purchasing power due to inflation, allowing for comparison over time.
Cost Plus Contract
A type of contract where the buyer agrees to pay the seller all project costs, plus an additional amount or percentage as profit.
Allowable Expenses
Costs that are recognized under the provisions of a contract or agreement as reimbursable or claimable.
Contractor's Fee
The payment made to a contractor for their services, typically a percentage of the total cost of a construction project.
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