PM-4620: Procurement and Contract Management

Kim, Y. W., Roberts, A., & Brown, T. (2016). Impact of Product Characteristics and Market Conditions on Contract Type: Use of Fixed-Price Versus cost-reimbursement Contracts in the U.S. Department of Defense. Public Performance & Management Review, 39(4), 783–813.
This article examines the Department of Defense’s charting contract type (i.e., fixed-price vs. cost-reimbursement) across simple and complex products.

Mangvwat Joshua S, Ewuga Duga J, & Izam Yohanna D. (2020). Time and Cost Performance of Fixed Price Building Contracts in Tertiary Institutions in Nigeria. MATEC Web of Conferences, 312, 06003, 1-12.
This article evaluates the time and cost performance of fixed-price contracts in Tertiary Institutions projects in Plateau State, funded as intervention projects from the Tertiary Education Trust Fund. The literature review provides a background on the types and forms of contracts.

Brightwell, I. (2017). Is a “fixed price” Agile contract possible? CIO (13284045), 2.
This article offers the author's insights about the challenge of managing fixed-price contracts under existing information technology (IT) procurement guidelines as a business moves to an Agile approach to software development.

Jørgensen, M., Mohagheghi, P., & Grimstad, S. (2017). Direct and indirect connections between the type of contract and software project outcome. International Journal of Project Management, 35(8), 1573–1586.
This study finds that the use of fixed-price contracts relates to a higher risk of project failure compared to time and materials types of contracts.

Shahani, G., & Berg, J. (2019). The ins and outs of construction contracts. Hydrocarbon Processing, 98(12), 8–11.
This article describes the main types of construction contracts and the key elements of a construction contract, including scope, schedule, cost, risk, and dispute resolution.

Jiyong Ding, Chen Chen, Xiaowei An, Na Wang, Wujuan Zhai, & Chenhao Jin. (2018). Study on Added-Value Sharing Ratio of Large EPC Hydropower Project Based on Target Cost Contract: A Perspective from China. Sustainability, 10(10), 3362. 2-19
This article examines the increasing use of target cost contracts (TCC) in the construction industry and has provided a pain/gain share mechanism for the owners to incentivize contractors to complete projects within cost budgets.