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2017 4.8 Satisfied (66 Votes)
2014 4.2 Satisfied (66 Votes)
2013 3.9 Satisfied (29 Votes)
2004 4 Satisfied (52 Votes)
2015 4.4 Satisfied (472 Votes)
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Fixed-price Contracts Create More Risks than Rewards for Construction Contractors More charges. Construction and engineering companies are consistently incurring more charges on fixed-price contracts. ... Inability to accurately forecast project costs. ... Project selection.
In general, contracts are classified along four different dimensions: explicitness, mutuality, enforceability, and degree of completion.
Types of Agreements Grant. Financial assistance for a specific purpose or specific project without expectation of any tangible deliverables other than a final report. ... Cooperative Agreement. ... Contract. ... Memorandum of Understanding. ... Non-Disclosure Agreement. ... Teaming Agreement. ... Material Transfer Agreement. ... IDIQ/Master Agreement.
Fixed-Price Plus Incentive Fee Contract (FPIF) An example of FPIF is a contract for the total project cost: 1,100,000 USD. If the project is finished one month early, an additional 10,000 USD is paid to the seller, incentivizing the seller to work faster.
On the Basis of Formation Express Contract. Implied Contract. Quasi Contract. E-Contract.

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Types of Agreements Grant. Financial assistance for a specific purpose or specific project without expectation of any tangible deliverables other than a final report. ... Cooperative Agreement. ... Contract. ... Memorandum of Understanding. ... Non-Disclosure Agreement. ... Teaming Agreement. ... Material Transfer Agreement. ... IDIQ/Master Agreement.
Other contract types include incentive contracts, time-and-materials, labor-hour contracts, indefinite-delivery contracts, and letter contracts.
The four main types of fixed-price contracts are cost-plus-fixed-fee contracts, firm fixed-price contracts, fixed-price incentive contracts, and fixed-ceiling-price contracts with price determinations.
On the Basis of Formation Express Contract. Implied Contract. Quasi Contract. E-Contract.
Understanding The Different Types of Business Contracts General business contracts. Employment contracts. Sales-related contracts.

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