Procurement Management

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Procurement Management

Postby hi2shrads Wed Dec 25, 2013 3:11 am

If there is contract having Fixed Price cost for annual maintenance and for completing enhancement and additions and change request there is Per day rate of developer and it is based on Time and Material

But in the same contract if there is a clause of buying say 30 man days for lesser manday rate in bulk and based on Change request these 30 days will get consumed (like prepaid) then it should come under which contract?
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Re: Procurement Management

Postby saket Wed Dec 25, 2013 2:11 pm

it is still T&M since you have fix rate for people... and you pay as you consume it... you do not have fixed scope of work or fixed money against scope...

Fixed Price mean you have fix price for given work... time and material mean you have fixed price for consuming time (and in needed material) of people.

Let me know if this is not clear.
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