Fixed-price and incentive-type contracts place responsibility for performance and financial risks associated with delay or non-performance on the?

The Contractor bears the consquence of delay in contract execution in the Fixed price contract as the customer/ Client is buying a defined set of services for a set price. If any deviation from the set criteria then the ccustomer/ client will not pay. The contractor shall continute to deliver the agrees scope or else it will be a breach of contract.

Contractor.

This would complete the statement

A fixed-price agreement is not a cost-reimbursement contract. The contractor estimates the total cost of materials and labor and includes that in his bid price, and the contract is generally awarded to the lowest bid. The total pay the contractor receives covers these costs. This provides the contractor with a powerful incentive to control costs and the time it takes to complete the project. The performance and financial risks here if the contractor underestimates the costs, there are unexpected delays or prices of materials rise significantly. In these cases, the contractor may be forced out of business or abandon the contract before the project is finished.

A cost-plus-incentive-fee is a method of cost-reimbursement contract that presents an incentive for the contractor to keep the costs of production as low as possible.

E. Contractor  ------------------------