first i would like to thank you for your cooperation and help ,
please , i would like to know which type of contracts describes the followig sitiuation , ( FP,CR, T&M , OR IT MAY BE OTHER TYPE )
a contract has a specific detemined budget and only allowed to increase by 10% and not to be decreased by 20% , the contractor is payed for that according to the accomplished quantities at site as per ( unit / rate ) system in a monthly certificates including the costs of the materials used in constructions , and some times i have to face some approved changes in scope that makes the final budget of the project is exceeding the contracted budget as per contract limits ,
i need to know which type of contracts do i have and dealing with?
thank you ,
Moderators: Yolanda Mabutas, Ahmed Amin, Scott Gillard, Mary Kathrine Padua, ERIC BARTLETT, Gail Freedman, Kevin Nason, Steven Mudrinich, PMP, Mark Wuenscher, PMP, John Wolverton, Tracy Shagnea, PMP, Jada Garrett
This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.