The Technology of Procurement: Managing Cost Plus Contracts — Part 1

Here in the antipodes, contract manufacturing and outsourced service provision relies heavily on “cost-plus” models. 
With these types of arrangements, the customer (Contract Owner) outsources a section of their need to a third-party service provider (Contractor), who then performs the work and submits their costs, plus a pre-agreed margin. These arrangements are common in government, contract [...]

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