What are the guidelines for conducting effective meetings

There are four types of cost resumable contract which include • A Contract Plus Incentive Fee (CPIF) In this kind of a contract, the supplier is paid by the buyer the allowable performance cost together with a predetermined fee plus a bonus. • A Cost-Plus Fixed Fee For this type, the buyer pays the supplier the allowable performance costs plus a fixed fee of the agreed percentage of the total cost. • With A Cost-Plus Award Fee The supplier is paid by the buyer the allowable performance costs plus an award fee that is determined by the satisfaction of the client based on the performance criteria. • With Cost Plus A Percentage of Costs In this type of supplier received payment from the buyer of the performance cost plus a predetermined cost that is on the total amount to be paid.

What are tangible and intangible costs? Distinguish between direct and indirect costs and give examples of each Tangible costs refer to the costs that one pays for like for office equipment or employees while intangible costs are those that have no direct monetary charge, including the time it takes for employees to familiarize themselves with a new computer system. • Transfer The second strategy is transferring which includes shifting the responsibility to second parties, like, for example having an insurance policy in place to bear the cost or the impact of the risk. • Mitigate This is the third strategy that requires one to come up with action/ strategies that reduce the likelihood of the risk by ensuring that a problem does not happen.