Question: Given the uncertainty and potential risk surrounding these structural issues, what should Jen do with respect to the form of contract to be drafted? Jen
Given the uncertainty and potential risk surrounding these structural issues, what should Jen do with respect to the form of contract to be drafted?
Jen realizes that a FirmFixedPrice FFP form of contract is not possible. She agrees to proceed with a form of Cost Reimbursable CR contract. Joe understands that Brians budget is $ and he consents to use this as a target price, but does not make a hard commitment to that number. Jen will work closely with Joe over the next few weeks to finalize details and monitor the situation.
Jen realizes how risky the project is and is more adamant than ever that a FirmFixedPrice FFP contract be established in order to protect her company from unexpected cost overruns.
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