BUS 501 Week 3 Discussion 1, Types of Contracts
From the e-Activity, examine the different types of contracts and provide a scenario for each type. Assess the requirements for a fixed-price contract. Determine ways that the duration of the fixed-price contract can affect the cost savings to the government. Then, create an argument in support of fixed contract pricing for an interval of your choosing.
BUS 501 Week 3 Discussion 2, Performance-Based Contracts
- Examine the requirements for a performance-based contract. Then, create a brief outline of a performance-based contract for your past or current career field.
- Analyze the requirements and components included in the statement of objectives. Determine the performance requirements and performance standard differences between small or large contracts.