Difference between lump-sum contract and fixed-price contract for construction works

Construction lump sum contract is a lump sum contract, the construction party quoted the total price, party A according to the progress of the settlement of the project. Fixed-price contract, also known as fixed unit price contract, is the party and the party agreed to settle the unit price, according to the amount of settlement contract, for example, in the steel structure project is the use of fixed unit price, according to the construction of the number of steel settlement of the project. This is in accordance with the settlement of the construction contract for the classification of the construction contract.