Question: 2. Procurement statement of work (PSOW) is a document that developed based on the complexity. scope and environment of the work. Select the type of

2. Procurement statement of work (PSOW) is a document that developed based on the complexity. scope and environment of the work. Select the type of contract and type of procurement document issued by the buyer of different type of PSOW (5 marks) PSOW Type of PSOW Type of Tves of Type of Justify your answer contract Procurement document Design Performance functional 3. Procurement manager and his team try always to optimize their work by selecting the suitable type of contract for each individual procurement. however, each type has its own strength and weaknesses from both views: the buyer and the seller. Compare between the following types of contracts: Fixed price award fee, Cost Plus Incentive Fee Contracts and Time and material contracts in terms of the followings: Negotiation level, Auditing level, experts needed, flexibility to change and selection criteria (5 Marks) Fixed price award fee Cost Plus Incentive Fee Time and material Contracts contracts Negotiation level Auditing level Experts needed Flexibility to change Risk level (Supplier) 2. Procurement statement of work (PSOW) is a document that developed based on the complexity. scope and environment of the work. Select the type of contract and type of procurement document issued by the buyer of different type of PSOW (5 marks) PSOW Type of PSOW Type of Tves of Type of Justify your answer contract Procurement document Design Performance functional 3. Procurement manager and his team try always to optimize their work by selecting the suitable type of contract for each individual procurement. however, each type has its own strength and weaknesses from both views: the buyer and the seller. Compare between the following types of contracts: Fixed price award fee, Cost Plus Incentive Fee Contracts and Time and material contracts in terms of the followings: Negotiation level, Auditing level, experts needed, flexibility to change and selection criteria (5 Marks) Fixed price award fee Cost Plus Incentive Fee Time and material Contracts contracts Negotiation level Auditing level Experts needed Flexibility to change Risk level (Supplier)

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