Differences between fixed-price and cost-plus contracts


Problem 1: Please explain what are the fundamental differences between fixed-price and cost-plus contracts? Plus, how does affect what kinds of projects you would recommend for a fixed-price contract or cost-plus contract?

Problem 2: Can teams be used for both fixed-price and cost-plus contracts? Is there a difference in how teams work based on the contract being fixed-price or cost-plus contracts?

Problem 3: How can a project manager influence customer expectations and perceptions?

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Other Management: Differences between fixed-price and cost-plus contracts
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