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I would like to ask the broad categories of contracts that a procurement professional may across in his/her career either in public or private sector?

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Question added by Danial Hydari , Procurement Executive , "Herbion Pakistan"
Date Posted: 2015/10/20
Osama Qaroot
by Osama Qaroot , Commercial Agreements Specialist, Sr. , ORYX GTL

The main Categories of Contracts are as follows:1) Fixed Price or Lump Sum.2) Cost Reimbursement.3) Time and Materials based on hour rates or man days rates.4) Raw Materials or Products Purchase.

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