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Types of cost-reimbursable contracts are:
Cost-reimbursable contracts are used mainly for R and D projects and are rarely used in construction projects - the main reason being that assigning responsibility to an entity for meeting the performance parameters and controlling the performance parameters makes it very complex to the entity to handle. Incorporating guaranteed maximum price and bonus clauses can facilitate better control to some degree.
Types of cost-reimbursable contracts are: Cost Plus Fixed Fee contract (CPPF): Compensation is based on a fixed sum independent of the final project cost. The customer a
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Theories of Business forecasting
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