Contract[Output/Input]
A contract is a mutually binding agreement... More that provides for a price which normally is not subject to any adjustment unless certain provisions (such as contract[Output/Input]
A contract is a mutually binding agreement... More changeA change to a project’s baseline scope, cost, time or qual... More, economic pricing, or defective pricing) are included in the agreement. These contracts are negotiated usually where reasonably definite specifications are available, and costs can be estimated with reasonable accuracy. A fixed price contract[Output/Input]
A contract is a mutually binding agreement... More places minimum administrative burden on the contracting parties, but subjects the contractorA person, company or firm who holds a contract for carrying ... More to the maximum riskAn uncertain event or condition that, if it occurs, has a po... More arising from full responsibility for all cost escalations. Also called firm price contract[Output/Input]
A contract is a mutually binding agreement... More.
