changing scope contracts?
Submitted by Jp2786 on Sat, 05/31/2014 - 06:08
If you are working on a project with constantly changing scope, which contract type would work best when hiring an outside vendor to complete a portion of the work?
1/ Cost reimbursable
2/ Lump sum
3/ Time and material
4/ Fixed price
.........
Your views pls.
Forums:
Sundara.damaraj...
Sat, 05/31/2014 - 06:41
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changing scope contracts?
3/T&M
anmol2701
Sat, 05/31/2014 - 11:49
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Agree
Agree This is Time and Material !! Option 3.
I think pmZilla admin should provide buttons below if someone agrees with answer.:-)
Jp2786
Sat, 05/31/2014 - 17:33
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Why not CR?
Could you please let me know why its not CR?
We also use CR for project in which scope cannot be defined right?
admin
Sun, 06/01/2014 - 13:38
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CR contract is nearly same as
CR contract is nearly same as T&M in such cases. Cost Reimbursable would have too reimburse all costs but Time and Material is only for resources used.
Sundara.damaraj...
Sun, 06/01/2014 - 16:16
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Why not CR?
For CR, cost risk is with Buyer only.
In this case Buyer has an opportunity to share the cost risk.