“Fixed Price –vs- Cost-Reimbursement” Please respond to the following:
- Compare and contrast the fixed-price and cost-reimbursement for the VectorCal navigation system. Determine which type of costing mechanism best serves VectorCal’s needs. Provide a rationale for your response.
- From the e-Activity, compare and contrast the characteristics of the federal contact project that you researched with the contract used during the VectorCal scenario. Specify which characteristics you believe to be the most and least important for any project, and justify your rationale for each.
Week 2 e-Activity
- Research on the Internet to find at least one (1) project where either a fixed-price or cost-reimbursement contract was successfully used in a federal contract. Study the characteristics of the project that may have influenced the use of that particular contract type. Be prepared to discuss your results.