Free

Contract Type Analysis - Case Study Example

Summary

The study "Contract Type Analysis" focuses on the critical analysis of the major issues in the type of contract. Cost-reimbursement contracts are best applied for research and development contracts, where uncertainties involved in contract performance do not permit costs to be estimated…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER95.5% of users find it useful

Read Text Preview

Subject: Business
Type: Case Study
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 5
Author: ewalsh

Extract of sample "Contract Type Analysis"

Yes, using a letter contract to authorize the contractor to begin the project immediately while still negotiating with other clauses is suitable for this scenario. This is appropriate for government projects like the case specifies, where almost every detail of the contract has been agreed upon except for minor clauses.

I would attempt to negotiate CPFF or Cost Plus Fixed Fee for this contract.

No. CPFF still applies to the said situation.

I would suggest a Cost Reimbursement Contract for this situation as the costs of the project cannot be estimated with sufficient accuracy (“Contract Types”, 2).

CPFF is more appropriate to utilize in this circumstance.

A cost Reimbursement Contract is appropriate to use in this scenario since estimated costs for the new equipment have not been developed yet.

Cite this document

APA
MLA
CHICAGO

(“Contract Type Case Study Example | Topics and Well Written Essays - 500 words”, n.d.)
Contract Type Case Study Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/business/1603707-contract-type

(Contract Type Case Study Example | Topics and Well Written Essays - 500 Words)
Contract Type Case Study Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1603707-contract-type.

“Contract Type Case Study Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1603707-contract-type.

Cited: 0 times

CHECK THESE SAMPLES OF Contract Type Analysis

The Set Aside Contracts

On analysis, the justification for why VA and Defense Department are chosen as providing the best contracting opportunities for NAICS 561730 is shown and supported with evidence.... The paper "The Set Aside Contracts " highlights that defense department provided more than 60 percent of the NAICS 561730 contract opportunities followed by VA provided around 12 percent of opportunities that were worthy more than $160million (Epipeline, 2009).... Set Aside Introduction Set aside contract is ''a federal contract under which only small businesses are allowed to bid'' (HJ Ventures, 2004)....

5 Pages (1250 words) Research Paper

The legal environment of business and online commerce questions

What factors should you consider in determining whether to bring (or defend) a lawsuit (cost-benefit analysis)?... Millions of dollars can be gained by the person who wins this type of lawsuit.... In drafting a contract, several clauses can often provide certainty as to what law will control, where the dispute will be decided and the method of dispute resolution.... The reason why they exist is so that the parties entering into the contract know which law will govern (state v....

2 Pages (500 words) Essay

Contracts for the Catering Business

It is essential to include SWOT analysis which is a very useful tool to access the position of the organization.... The analysis should be implemented before contracting.... Now to go about the process, analyze the business in relation to the below-mentioned ideas; identification if the idea of the contract fits the sector: Start by identifying the main characteristics of the particular catering contract sector as well as make sure that the nature of the business complete fits with the expectation of the sector....

12 Pages (3000 words) Essay

Acquiring a Contract with the Navy

The author states that the company through its reliable sources has gained knowledge that a local competitor also has received a proposal for offering a similar type of product and service to the Navy.... In the paper 'Acquiring a contract with the Navy' the author discusses reasons for the qualification of LesterMyers, Inc business with respect to HUBZone Act.... This has raised the importance of negotiation in order to win the bidding on a contract with Navy....

7 Pages (1750 words) Assignment

Analysis of Construction Contract

This type of contract is usually for projects that are expensive and complex because those projects are the ones that need to be handled clearly and any liability can prove to be very heavy on either party.... The types of construction projects that use the contracts have clients with different requirements that are to be included in each type of contract.... Also, the paper analyses the significance and benefits of the construction contract....

11 Pages (2750 words) Research Paper

David Contract

This work called "David Contract" describes offer and acceptance analysis in the contract.... Offer and acceptance analysis refer to the ancient approach in contract law applied to decide whether an agreement exists among two groups of people.... Carbolic Smoke Ball Company was of a type referred to as a unilateral contract.... An offer refers to a sign by an individual to another of their readiness to contract on specific terms without further notice....

9 Pages (2250 words) Case Study

Contracting and Procurement - Contract Types Recommended

or the case of IOC One, one of the key issues that will be vital is selecting and recommending a contract type for the maximization of financial and operational performance.... In such a case, the selected contract type should be able to produce the best results despite the current and the changing situations in the market (Berrios, 2006).... For this project, there are several risks that can be anticipated, but the contract type should be in a better position to minimize all these risks at all costs....

13 Pages (3250 words) Term Paper

Breach of Contract and Remedies

owever, the third type of breach has an anticipatory element and is thus referred to as an anticipatory breach.... The paper "Breach of contract and Remedies" states that according to the terms of the second contract, Chow thought at the time that the vessel that she was purchasing was a red-hulled vessel while Marcus knew the Leningrad vessel to be a blue-hulled vessel.... Therefore in consideration of the contracts signed, namely the two contracts signed by Marcus and the other two parties, contract law will play a major role in their determination....

6 Pages (1500 words) Case Study