Problem
Construct a contract for the event you planned for the WBS problem. Choose one of the contract types below:
• Fixed price contract with price adjustments
• Fixed price contract with incentive fee
• Fixed unit price contract
• Cost -reimbursable contract
• Cost-reimbursable contract with a fixed fee
Here are some things to consider as you construct your contract:
a) What product or service is being exchanged?
b) How and when will it be exchanged?
c) The costs of this exchange.
d) Who is responsible for what in this transaction?
e) What will happen if someone doesn't fulfill their obligations?