Designing a web page, inventing a new communication device

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Procurement Management

Question: Choose a project with a relatively simple description (building a LAN, designing a web page, inventing a new communication device, etc.). Which type of contract structure (Fixed total price, Fixed unit price, Fixed price with incentive, Fixed fee with price adjustment) and what procurement documents (Request for Proposal, Invitation for Bid, Request for Quotation/Proposal) would you recommend for this project and why?

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Reference no: EM133279221

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