What type of contract would you recommend for a project

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Reference no: EM133345793

Question: According to the Gido, Clements, and Baker Text, a contract can be categorized as fixed-priced or cost-reimbursement. What type of contract would you recommend for a project that has low accuracy in developing scope and cost estimates? Based on your recommendation, who bears the cost risk (e.g. customer or contractor)? How would the party mitigate such cost risks?

Reference no: EM133345793

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