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Historically, when fixed-price contracts are used for new projects with untested or developmental technologies, the programs may fail if unforeseen costs exceed the ability of the contractor to absorb the
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A fixed-price contract is a contract where the contract payment does not depend on the amount of resources or time expended by the contractor, as opposed to
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in Europe, North
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Fixed-price contracts required by stimulus law by
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Bargaining is very common in many parts of the world, primarily in the
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to purchase a specific share quantity within target firms.
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whereby payments are determined upon a never-ending
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