project management

Contract Jobs Fee-Based or Piece Work?

Contract Jobs Fee-Based or Piece Work?

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Are contract jobs a fee basis or piece work? This question is a crucial one for both contractors and clients ...

Cost-Plus Contracts They Encourage Contractors to Party Hard

Cost-Plus Contracts They Encourage Contractors to Party Hard

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A major problem with cost-plus contracts is that they – Cost-plus contracts: They Encourage Contractors to Party Hard. Imagine this: ...

A Cost Plus Contract Means Understanding the Basics

A Cost Plus Contract Means Understanding the Basics

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A cost plus contract means you’re basically saying, “Hey, I’m not sure how much this project is gonna cost, but ...

A Cost-Plus-Percentage-Fee Contract Is a Risk-Sharing Deal

A Cost-Plus-Percentage-Fee Contract Is a Risk-Sharing Deal

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A cost-plus-percentage-fee contract is a _____ points 5 – A cost-plus-percentage-fee contract is a risk-sharing deal where the contractor gets ...

A Cost Plus Incentive Fee Contract Characteristics and Insights

A Cost Plus Incentive Fee Contract Characteristics and Insights

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A cost plus incentive fee contract has the following characteristics, and it’s basically like this: imagine you’re hiring a contractor ...

What Doesnt a Cost Incentive Contract Require?

What Doesnt a Cost Incentive Contract Require?

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A cost incentive contract requires all of the following except a rigid, inflexible framework. These contracts, designed to foster collaboration ...

Who Bears the Cost Risk in Fixed-Price Contracts?

Who Bears the Cost Risk in Fixed-Price Contracts?

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Who has the cost risk in a fixed price contract – Who has the cost risk in a fixed-price contract? ...

What is Meant by Cost Plus Contract?

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What is meant by cost plus contract – Ever heard of a contract where you pay for the actual cost ...

What is Contracting Cost Understanding Project Expenses

What is Contracting Cost Understanding Project Expenses

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What is contracting cost sets the stage for this enthralling narrative, offering readers a glimpse into a story that is ...

What is Escalation Clause in Contract Costing?

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What is escalation clause in contract costing? It’s like a secret weapon for contractors, a safety net for unexpected price ...