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What is the type of contract with the lowest risk from a buyer's point of view?

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Question added by Ghada Sameer , Project Manager and media executive , CQA
Date Posted: 2014/03/20
Haneef Mohammed
by Haneef Mohammed , PROCUREMENT OFFICER , ALCAT CONTRACTING CO.

bind contractor for Lumpsum Amount with no variation & fixed the prices for the expected work to be done on remeasurable basis.

Hithem Sughi
by Hithem Sughi , Supply Chain Category Team Leader , BP Libya Exlporation Limited

Call off contract with fixed schedule of rates. No commitments and striking service continuty in the same time.

credit sales contract with the right of return if not sales , or consignment contract .

 

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