Typical Critical Issues in Cost Reimbursable or Cost-Plus Contract

This Skill Bit focuses on common challenges such as poor cost estimation, unclear reporting, and scope creep. These contracts offer flexibility but require diligent cost control, clear contracts, and effective risk management to ensure project success. Strong communication between parties is also crucial to avoid misunderstandings and cost overruns.

Duration approx. 5 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.