What is a fixed price contract

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Reference no: EM133486055

Assignment:

Review the process of procurement within PMBOK, and answer the following questions.

Describe two outputs in the conduct procurements process of project procurement management.
What is a fixed price contract and when is it best to use?
What is a cost-reimbursable contract and when is it best to use?
How does a project manager determine the best approach to contracting?

Reference no: EM133486055

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