Write difference between fixed-price and cost-plus contracts


Describe what are the basic differences between fixed-price and cost-plus contracts? Plus, how does affect what types of projects you would suggest for fixed-price contract or cost-plus contract?

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

How can the project manager influence customer expectations and perceptions?

 

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Project Management: Write difference between fixed-price and cost-plus contracts
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