What Are the Types of Management Contracts? Project Management: Understanding Contracts
In project management, various types of contracts include Fixed Price Contracts, Time and Material Contracts, and Cost Reimbursable Contracts. Other types are implied, unit price, unilateral, express, and bilateral contracts. A contract solidifies an agreement between a buyer and a supplier, outlining the agreement, dictating the project’s timeframe, payment details, and work required. It is … Read more