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For your project, identify some goods or services that have to be procured from outside. Which contract type will you be using for this procurement?

For your project, identify some goods or services that have to be procured from outside. Which contract type will you be using for this procurement? Explain Why.

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Determining the appropriate type of Contract CPPF CPFF CPIF FPIF Contract Cost Plus Cost Plus Cost Plus Fixed Types Percent Fixed Incentiv Price Fee Fee e Fee Incentiv e Fee Scope Info Low FFP Firm Fixed Price (LS) High Uncertainty High Low Seller Risk Low High Buyer Risk High Low

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