T&M and Cost Reimbursable

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salman_2005
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T&M and Cost Reimbursable

Postby salman_2005 Tue Oct 23, 2018 11:09 pm

Hi Manish,
Doesn't the buyer pay the actual expense occured by the seller (+the fee of the seller as agreed) in T&M and Cost Reimbursable contracts?

This was one of the options in a question asking about the similarities between both of the contract and the correct answer was 'They have no definitive end'. This was the correct answer and not the one I mentioned initially.

Please clarify.

Thank you.
manishpn
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Re: T&M and Cost Reimbursable

Postby manishpn Thu Oct 25, 2018 7:02 pm

salman_2005 wrote:Hi Manish,
Doesn't the buyer pay the actual expense occured by the seller (+the fee of the seller as agreed) in T&M and Cost Reimbursable contracts?
Cost Reimbursable : Actual cost incurred plus agreed fees
T&M : hourly rates based on hours consumed/spent , T and M does not have any reimbursement concept


This was one of the options in a question asking about the similarities between both of the contract and the correct answer was 'They have no definitive end'. This was the correct answer and not the one I mentioned initially.

Please clarify.

Thank you.
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
salman_2005
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Participant
Posts: 58
Joined: Wed Sep 26, 2018 8:15 pm

Re: T&M and Cost Reimbursable

Postby salman_2005 Fri Oct 26, 2018 6:28 pm

Thank you.

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