When is an Fixed Price with Economic Price Adjustment Contract Used?

fixed price with economic price adjustments

Fixed Price with Economic Price Adjustment Contract Explained Fixed Price with Economic Price Adjustment Contract is a variation of the basic Fixed Price Contract (FP). In some of my previous articles, I have explained all the other variations of FP Contracts (as enumerated in PMBOK® Guide). In this article, I will talk about Fixed Price […]

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PMP Formulas Behind Contract Types

contracts types

Mathematical Orientation of Contract Types Procurement Management Knowledge Area of PMBOK® Guide defines 3 different Contract Types. I have already written two articles to explain these Contract Types. I have written this article to provide a completely different perspective to the Contract Types. This article discusses mathematics and formulas behind different Contract Types. The article […]

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Difference Between Work Performance Data and Work Performance Information

work performance data work performance information

Do you know the difference between Data and Information? Data and Information are common terms in the realm of Data Science. These terms have specific meanings. The difference between these two terms can be easily understood by looking at the above two images. In very simple language, we can say that Computing Devices need Data […]

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