Contracting

4 important questions on Contracting

Whats in a contract?

Scope, price, terms & conditions (triangle)

What is a Owner license agreement

Patent & performance guaranties

What are the different contract elements?

1. Contract strategy: strategy options, selection, pricing, planning
2. Sourcing: pre-qualification, tender
3. Contract management: communication, changing order
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What are the different forms of renumeration?

Lump sum: pre defined amount (scope fully defined)

Unit rate: Unit price defined, price per unit (Product is defined, quantity not. pay per unit)
Reimbursable: Actual cost + Fee (undefined scope)

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