Describe the three broad categories of contracts. Give examples of three different procurement circumstances where use...

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Describe the three broad categories of contracts. Give examples of three different procurement circumstances where use...

Describe the three broad categories of contracts. Give examples of three different procurement circumstances where use of a contract from each category is appropriate.

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Answer 1

Answer #1

1. Fixed Price -> Usually when product scope is defined

2 Unit Price ->As the name suggest you charge based on per unit

3 Cost-Reimbursable -> Here you provide the cost of infrastructure and share some incentive as %

You can find more details on the below-mentioned link, Hope it will help.

https://www.slideshare.net/ahmedelshaboury16/pmp-procurement-chapter-12

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Answer 2

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Describe the different types of lipids and their special characteristics. Give examples where appropriate.

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Describe the three broad categories of contracts. Give examples of three different procurement circumstances where use...

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