Question: What are the cost-type contracts? Also explain the contract type that is cost overrun from the agreed upon set budgeted cost paid by buyer ONLY?

What are the cost-type contracts? Also explain the contract type that is cost overrun from the agreed upon set budgeted cost paid by buyer ONLY?

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Costtype contracts are procurement agreements where the buyer reimburses the seller for the allowable costs incurred during the performance of the con... View full answer

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