Fixed Price Contract
Waterfall Should Have Never Existed: Part 2
We left off in Part 1 of this article asking the question of HOW Agile and Critical Path could exist side-by-side in a single project schedule without affecting each other (much)? I laid out three dil...
Point of Total Assumption in Procurement Management
Let’s say you awarded a contract of $1M to a vendor to deliver a critical component for your project. The contract with your vendor is set up with a fixed price, but you have incentivized the contact ...
How to Handle Fixed Price Contracts in Your Project Schedule
A fixed-price contract means someone has agreed to deliver a chunk of work for a fixed amount of money. That’s a sweet deal, both financially and project-management-wise. If the contractor’s cost surp...