Need flexibility in your project budget while ensuring seller commitment? Let’s dive into the Cost-Reimbursable Contract!
A Cost-Reimbursable Contract covers the seller’s actual costs and includes an extra fee for their profit.
You need this contract when your project scope might change, and you want to ensure sellers get paid for real costs.
To use it, define allowable costs clearly in the contract. The seller is reimbursed for those costs, plus a profit fee.
Cost-Reimbursable Contracts keep your project flexible and ensure everyone’s aligned on cost and performance. Make it part of your project strategy!
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