Fixed-price contracts
| Line 3: | Line 3: | ||
Tobias Nielsen | Tobias Nielsen | ||
| − | ''' | + | ==Abstract== |
| − | + | ||
| + | |||
| + | ==Basic Elements of A Fixed-Price Contract== | ||
| + | |||
| + | |||
| + | ====Types of Fixed-Price Contracts==== | ||
| + | |||
| + | 1. '''''Firm Fixed-Price Contracts''''': | ||
| + | here the project's technical and marketp | ||
| + | |||
| + | 2. '''''Fixed-Price Incentive Contracts''''': | ||
| + | here the project's technical and marketp | ||
| + | |||
| + | 3. '''''Fixed-Price Contracts with Economic Price Adjustment''''': | ||
| + | here the project's technical and marketp | ||
| + | |||
| + | 4. '''''Fixed-Ceiling-Price Contracts with Price Redetermination''''': | ||
| + | here the project's technical and marketp | ||
| + | |||
| + | 5. '''''Firm Fixed-Price Level-of-Effort Contracts''''': | ||
| + | here the project's technical and marketp | ||
• Big idea: | • Big idea: | ||
| − | describe the tool, concept or theory and explain its purpose. The section should reflect the current state of the art on the topic | + | describe the tool, concept or theory and explain its purpose. The section should reflect the current state of the art on the topic. |
• Application: | • Application: | ||
| − | provide guidance on how to use the tool, concept or theory and when it is applicable | + | provide guidance on how to use the tool, concept or theory and when it is applicable. |
• Limitations: | • Limitations: | ||
| − | critically reflect on the tool/concept/theory. When possible, substantiate your claims with literature | + | critically reflect on the tool/concept/theory. When possible, substantiate your claims with literature. |
• key references: | • key references: | ||
Revision as of 22:03, 20 February 2022
Fixed-price contracts
Tobias Nielsen
Abstract
Basic Elements of A Fixed-Price Contract
Types of Fixed-Price Contracts
1. Firm Fixed-Price Contracts: here the project's technical and marketp
2. Fixed-Price Incentive Contracts: here the project's technical and marketp
3. Fixed-Price Contracts with Economic Price Adjustment: here the project's technical and marketp
4. Fixed-Ceiling-Price Contracts with Price Redetermination: here the project's technical and marketp
5. Firm Fixed-Price Level-of-Effort Contracts: here the project's technical and marketp
• Big idea:
describe the tool, concept or theory and explain its purpose. The section should reflect the current state of the art on the topic.
• Application: provide guidance on how to use the tool, concept or theory and when it is applicable.
• Limitations: critically reflect on the tool/concept/theory. When possible, substantiate your claims with literature.
• key references: (3-10), where a reader can find additional information on the subject.
References
1. https://www.projectmanager.com/blog/fixed-price-contract
2. https://www.levelset.com/blog/fixed-price-contract/
3. https://www.coconstruct.com/blog/builders-use-fixed-price-construction-contracts-80-of-the-time
