Procurement Management

There are different types of contract agreements in project management that both the project owner and seller can agree on....

The term firm fixed price or lump sum contract refers specifically to a type or variety of fixed price contract where the...

The term firm fixed price contract refers specifically to a type or variety of fixed price contract where the buyer or purchaser...

To motivate the sellers, incentives should be given. An incentive fee is a set of monetary incentives that are given...

n project management, project managers are often asked by the customers and stakeholders to verify if the schedule and cost...