Cost-based contracts are generally applicable when the goods or services procured are expensive,complex,and important to the purchaser or when there is a high degree of uncertainty regarding labor and material costs.

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The Answer of Cost-based contracts are generally applicable when the goods or services procured are expensive,complex,and important to the purchaser or when there is a high degree of uncertainty regarding labor and material costs.

Cost-Based Contracts Are Generally Applicable When the Goods or Services