Practice Guideline of Cost-Plus (Reimbursable) Payment Contracts

Description

This Skill Bit outlines essential best practices for effectively managing cost-plus contracts. It emphasizes meticulous cost tracking, robust budget controls, and effective change management. Transparent reporting and ongoing collaboration with clients are crucial for minimizing risks and ensuring project success. By implementing these practices, stakeholders can foster strong relationships and enhance overall project outcomes, navigating the complexities of cost-plus agreements with greater confidence and efficiency.

Duration approx. 5 Min.

Tier: proficiency