The contractor or seller under fixed price contracts must deliver the product or service for a per-negotiated fixed price. This contract type places the maximum…
Posts tagged as “Contract Types”
There are many ways to price a contract, the most common being Firm Fixed Price (FFP) and Time and Materials (T&M). Selecting the right contract…
T&M, short for Time and Materials, is a common pricing methodology that is used when the project scope is not clearly defined or when the…
Is there a difference? You bet, and understanding the difference between these confusing terms may impact the profit you make on your project. Let’s define…
According to the businessdictionary.com, margin is defined to be: the difference between the cost price and the selling price of a product. In other words,…