A ___________________ bundles all cost factors for an entire task.

The correct response to the question, indicating that a particular approach bundles all cost factors for an entire task, is the lump sum method. This method involves a single fixed price for all work involved in a project, thus encompassing all expected costs associated with completing the entire task.

Choosing a lump sum allows contractors to account for materials, labor, overhead, and profit all within one comprehensive amount. This makes budgeting and financial planning more straightforward for both contractors and clients, as it provides clear expectations of total project costs.

In contrast, the other methods listed are structured differently. A cost plus method would base the price on actual costs incurred plus an additional fee for profit, which means it doesn’t provide a single bundled amount upfront. The percent completion method accounts for progress during the project and recognizes revenue based on how much work has been completed, which similarly does not consolidate costs into one bundled figure. The unit price method allows for pricing based on the amount of work completed (like per unit of work), which does not aggregate all costs into a singular bundle for the entire task either.