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