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Analyze types of contract pricing

Assignment:

Part 1: Discuss the following types of contract pricing: (a) fixed price, (b) cost-plus price, (c) time & materials, and (d) unit price.

Part 2: Explain the appropriate utilization of each contract pricing type and the impact of risk to the contracting parties.

Part 3: What type of contract pricing structure misaligns the buyer's motivations with the seller's?

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