Generally, what types of contracts are used in procurement?

Question

linda aoun · Answer

tender contracts-direct order contracts-call of basis contract-services contract-suplly, design and installation contracts

Muhammad Farooq · Answer

1) Fixed price - FX

a) Fixed price Incentive fee - FPIF

b) Fixed price award fee - FPAF

c) Fixed price economic price adjustment - FPEPA

2) Time or Material OR Unit price - T&M

3) Cost Reimbursable

a) Cost Contract

b) Cost plus fee - CPF OR Cost plus percentage of cost - CPPC

c) Cost plus fixed fee - CPFF

d) Cost plus incentive fee - CPIF

e) Cost plus award fee - CPAF