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Generally, what types of contracts are used in procurement?

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/04/13
linda aoun
by linda aoun , Legal Consultant , Beirut law bureau

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

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

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