Cost plus v Fixed price contract скачать в хорошем качестве

Cost plus v Fixed price contract

What is the difference between a cost plus and a fixed price contract? Many people get themselves into trouble as they don't understand how the nature of the contract can affect risk. This is the case for clients especially when they engage into cost plus contracts. They are subject to increases when the cost of performing the work increases. It is also important for those doing the work to understand the limitations and the risks associated with lump sum contracts as they can end up with a loss if their costs rise.