What and why is the best type of contracts cost-plus-fee, Operation Management

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What and why is the best type of contracts cost-plus-fee

Submit a 300-500 word response answering the following question:

- In your opinion, what and why is the best type of contracts?

Contract types:

1-Cost-plus-fee

2-Guaranteed maximum-share savings

3-Fixed price/lump sum

4-Fixed price for services material, and labor

5-Fixed price for imported goods and services, local costs reimbursable.

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Operation Management: What and why is the best type of contracts cost-plus-fee

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