Under the fixed price contracts, it is in the interests of the supplier to generate work to be done.

Name: Under the fixed price contracts, it is in the interests of the supplier to generate work to be done.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under fixed price contracts, the supplier agrees to deliver a product or service for a predetermined price, regardless of the actual costs incurred, which means generating additional work does not increase their revenue and can actually decrease their profit margin.

Under the Fixed Price Contracts, It Is in the Interests