Describe two different types of cost contracts

Reference no: EM133476275

Case Study: This assignment should be about one to two paragraphs for each question. Each answer should be comprised of at least three reasons supporting your position.Please use this file to submit your answers and answer in the space below each question.
Please name the submission file Chapter 03 Homework_yourlastname.doc

Question 1. Why should the lowest cost proposal not be selected? How can you justify not selecting the lowest cost proposal?

Question 2. Describe two different types of cost contracts. Explain when each should be used and the risks to the contractor and the project sponsor.

Reference no: EM133476275

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