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The procurement manager and his team always try to optimire their work by selecting a suitable type of coctract for each procurement. However, each type
The procurement manager and his team always try to optimire their work by selecting a suitable type of coctract for each procurement. However, each type has its strength and weaknesses from both views: the boyer and the seller. Compare the follow ing types of contracts: Fixed price, Cost teimbursable, and Time and matcrial contracts as shown in Table Q3. Use your answer (Low, Medium. High, and None) in showing the relationship betw cen the type of contract and the criteria. Use (L.: Low, M: Medium, H: Hizh, and N : None) in sbowing the relationship between the type of contract and the criteria with aclear iustifieation for earh answor rks)
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