Question: What are the contractors risks? What are the different types of contracts in project management [For example, firm-fixed price contract (FFP), firm-fixed price with economic

What are the contractor’s risks? What are the different types of contracts in project management [For example, firm-fixed price contract (FFP), firm-fixed price with economic price adjustments (FPE), firm-fixed price with economic price adjustments (FPE), incentive contracts—fixed-priceincentive-

fee contract (FPIF), cost-plus-incentive-fee contract (CPIF), costplus-

award-fee contract (CPAF), cost-plus-fixed-fee contract (CPFF), costsharing contract (CS), cost contract (C), cost-plus-percentage-of-cost contract

(CPPC)]? Explain each one in detail.

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