Wednesday, December 16, 2009

Advantages of Fixed Price Contract

Advantages of Fixed Price Contract includes:
  • Less work for buyer to manage
  • Seller has a strong incentive to control costs
  • Companies have experience with tis type of contract
  • Buyer knows the total price at project starts

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Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)