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Which is the most risky type of contract for Muhammad?

A.  Cost Plus Percentage of  cost 

B.  Lump-sum 

C.  Fixed Price with Economic Price Adjustment 

D. Cost plus incentive fee  

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Question ajoutée par Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date de publication: 2016/06/25
Md Fazlur Rahman
par Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

A.  Cost Plus Percentage of  cost 

This is most risky type of contract for Muhammad. The contractor may uncessaruly increase the quantity and cost to get benefit form constructiion works and his fixed percentage over cost will also increase. So, this is very favoarable for contractor but very risky for Mr. Muhammad

Eng Ahmed Elsharkawy
par Eng Ahmed Elsharkawy , Civil Engineering Project Manager , Altwijry office

thanks for invition ,,,,,,,,,, my choice is option A

VINAY KUMAR GOSWAMI
par VINAY KUMAR GOSWAMI , Partner , 2MI

(A) Cost + cost%

Reason: We can not control the cost of vendor services or product.

Erbe Marl Balhon
par Erbe Marl Balhon , Cost Controller , Nahdat Al Emaar

Cost Plus Percentage of cost is the most risky sir. 

Ksenija Kancelak
par Ksenija Kancelak , Construction Project Manager , City of Koprivnica, Koprivnica (Croatia)

My opinion is that the right answer is:

a

Usman Islam
par Usman Islam , Logistics And Warehouse Manager , Kirtanlal Scaffolding & Formwork

Option A is most risky for Muhammad

Muhammad Ahmed
par Muhammad Ahmed , Quality Assurance Executive (South Region) , K&Ns Foods Pvt.Ltd.

I think cost plus percentage of cost is risky type of contract

Abhilash C
par Abhilash C , Quality Manager , WSP

A) Cost plus percentage is the correct answer

sardar mardookhy
par sardar mardookhy , Head of portfolio management department , MCI

Muhammad is buyer or vendor..?

it should be clear

Amin ALMASRI
par Amin ALMASRI , Procurement Manager , Dur Hospitality Co.

TurnKey Lump-sum Contracts.

Krishna   KHASANIS  PMP
par Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

What Muhammad wants is not mentioned, assuming that Muhammad is trying to buy a product or service, Cost Plus Percentage of Cost is the most risky type of contract. 

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