- cost reimbursement type contracts
- cost reimbursement type contracts
A category of contracts based on payments to a contractor for allowable
estimated costs, normally requiring only a "best efforts" performance standard
from the contractor. Risk for all growth over the estimated value rests with the
project owner.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
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