On firm fixed-price contracts list and categorize three


1. On firm fixed-price contracts:

a. buyers assume most of the contract risk

b. contractors assume most of the contract risk

c. risk is usually split evenly between buyers and contractors

d. ultimate contract price will be increased, if contractors' expenses increase

2. list and categorize three risks. Was the response plan for those projects adequate to mitigate these risks?

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Operation Management: On firm fixed-price contracts list and categorize three
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