Typical Critical Issues of Cost-Plus (Reimbursable) Payment Contracts

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This Skill Bit examines the inherent risks associated with these contracts, such as cost overruns, scope creep, and potential quality issues. It emphasizes the importance of meticulous cost tracking and effective change management. Clear communication and proactive risk mitigation strategies are essential to navigate these challenges and ensure successful project outcomes.

Duration approx. 4 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.

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