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Contract Type Analysis - Case Study Example

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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…

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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.

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