With a fixed unit price contract, if the estimate of units is not accurate, the contract has to be changed.
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Q2: Often contracts have a penalty clause if
Q3: On smaller, less complex projects, the procurement
Q4: The fixed price contract with price adjustment
Q5: Just as the project has a scope
Q6: The providers of commodities are suppliers.
Q8: While outsourcing work has both benefits and
Q9: In the case of vendors, instead of
Q10: In partnerships, both parties benefit from the
Q11: A request for quote focuses on meeting
Q12: The project team typically develops a description
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