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 “Pricing”
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…
To many, these are confusing terms, and they are frequently used interchangeably. The fact is they are not the same and we as project managers…
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,…