Fixed price contracts are the most complex and difficult for purchasing to manage because there is a need for extensive auditing or additional input from the purchasing side.

Question

Quizplus · Accepted Answer

Fixed price contracts are generally considered less complex and easier to manage compared to cost-reimbursement contracts because the price is agreed upon upfront, reducing the need for extensive auditing and additional input from the purchasing side.

Fixed Price Contracts Are the Most Complex and Difficult for Purchasing