fatlip7473 fatlip7473

21-12-2022
Business

Answered

under a cost plus fixed fee arrangement for cm compensation, the reimbursable expenses usually include:

Answer :

RupaBera RupaBera

25-12-2022

Contracts with cost-plus-fixed-fees could be: During the initial stages of talks, the whole cost may not be entirely evident.

How do GMP and fixed price differ from one another?

A fixed-price contract, like a lump sum one, has a price that does not change regardless of how much the contractor spends to accomplish the project. A GMP contract does not. GMP contracts are more adaptable; the property owner will reimburse the contractor for costs up to a certain limit.

A cost-plus entity: what is it?

A cost-plus agreement commits one party to pay back the other party for costs incurred along with a predetermined profit based on the total contract value.

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