Differences between fixed-price and cost-plus contracts


Question:

Please explain what are the fundamental differences between fixed-price and cost-plus contracts? Plus, how does affect what kinds of projects you would recommend for a fixed-price contract or cost-plus contract?

Can teams be used for both fixed-price and cost-plus contracts? Is there a difference in how teams work based on the contract being fixed-price or cost-plus contracts?

How can a project manager influence customer expectations and perceptions?

Solution Preview :

Prepared by a verified Expert
Other Management: Differences between fixed-price and cost-plus contracts
Reference No:- TGS01955795

Now Priced at $25 (50% Discount)

Recommended (93%)

Rated (4.5/5)