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Procurement - 6063 > M6 > Flashcards

M6 Flashcards

1
Q

What is the purpose of a contract?

A
  • Legally binding
  • Transfer of risk
  • Mitigate risk
  • Communicate intent
  • Terms and conditions
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2
Q

What are the main types of contracts?

A
  • Introduction to main types of contracts:
  • Fixed price contracts
  • Cost reimbursable contracts
  • Time and materials contracts
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Procurement - 6063 (6 decks)

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