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Who has the most risk in a cost reimbursable contract - the buyer or seller ?

The buyer has the most risk as if the cost increases, he has to pay the additional cost.

Procurement Sales Contracts
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Question added by Mohammed Qaisar I PMP I MCIPS I MBA , Group Procurement Manager (Civil) , Al Ghurair Construction LLC
Date Posted: 2017/09/23
Upvote (1) Views (6) Followers (5) Answers (4) Report Question
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Deleted user
by Deleted user

The buyer is the most at risk in this type of contract.

Mouhanad Alturkmani
by Mouhanad Alturkmani , Chief Financial Officer , Murano Property Development

The buyer has the most risk .

Lavanya Mohanarangan
by Lavanya Mohanarangan , Senior Quantity Surveyor , Aati Contracts

Buyer has to face all risks in case of cost reimbursable Contract

Zakir Muhammed
by Zakir Muhammed , Contract Administrator , DS Contracting Co.

Yes, buyer must bear all the additional cost arises.

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