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What is a firm-fixed price contract

Assignment Help Management Theories
Reference no: EM131234647

The purpose of this assignment is for you to understand trade-off skills that a project manager must possess.  

See the attached link to read "Contracts: Their Influence on Projects," from your textbook. Then, answer the following five questions:

  • What is a firm-fixed price contract?
  • What is a fixed-price-incentive-fee contract?
  • What is cost-plus-incentive-fee contract?
  • What is cost-plus-award-fee contract?
  • What is cost-plus-fixed-fee contract?

As a buyer, which contract would you consider beneficial and be most interested in obtaining? As a seller, determine which contract you would consider as beneficial and be most interested in obtaining.

Your responses to the questions should total 2-3 pages and should cite at least three, current scholarly resources.  APA format.

Attachment:- Contracts Their Influence on Projects.rar

Reference no: EM131234647

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