Which contract type should be used by the owner on a high risk project?

Related MCQs

• Which type of warranty is enacted if a service or product does not meet the level of quality specified in the contract?
• The cost of corrective action taken by the purchaser and chargeable to the supplier under the terms of the contract is:
• __________ is a written order directing the contractor to make changes according to the provisions of the contract documents.
• The contract is signed at the end of the:
• Definitive contract terms are spelled out in the:
• Purchase order is a legal binding contract only if it is
• …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• Purchasing department should purchase the material strictly as per ……………………….of the various department.