University of the Cumberlands W2 Types of Contracts Exercise This week’s exercise will identify opportunities to utilize the different types of contracts within your Week 2 Business Case project. The instructions are within the attached template.Note:Use Week 2 document as week 2 business case projectRequired Text(s): Kloppenborg, T., Anantatmula, V., & Wells, K. (2019). Contemporary project management (4th ed). Stamford, CT: Cengage Learning. Suggested Supplemental Text(s): (2017). A guide to the project management body of knowledge (PMBOK® Guide). 6th ed. Newtown Square, Pa.: Project Management Institute, Inc. TYPES OF CONTRACT EXERCISE
Instructions: Within the context of your Week 2 Business Case project you will address and
identify the different types of contracts that are available for supply chain management.
You will copy and paste the Business Case.
For each of the six (6) contract types below you will provide a description of each contract type
and then identify where each of the contract could be utilized within your project. These need to
be specific examples and explain why the specific contract type would be ideal for these supplies
(goods or services). There is no word minimum but each should cover the required material and
provide the specific information sought.
Business Case:
Fixed-Price Contracts
Firm-Fixed-Price (FFP) Contract:
Fixed-Price-Incentive-Fee (FPIF) Contract:
Fixed-Price-Economic-Price-Adjustment (FP-EPA) Contract:
Cost-Reimbursable Contracts
Cost-Plus-Fixed Fee (CPFF) Contract:
Cost-Plus-Award-Fee (CPAF) Contract:
Cost-Plus-Incentive Fee (CPIF) Contract:
ELEVATOR PITCH
News source (APA reference): NYC Department of Buildings (2016). Application Details
Web address: http://a810bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?passjobnumber=122885422
City: Manhattan
Elevator Pitch (100 words): The 60 Broadway Manhattan building is not in good shape which
calls for the need to renovate it. The building, which is located at Block 23 Wall Street, Borough,
Manhattan is a commercial building sitting in a lot area of 42,316 sq.ft. However, an additional
construction floor area of 50,004 sq.ft will be required. The estimated total cost is
$447,585,115.00, and the completion date is set at 09/17/2019. The renovation is necessitated by
the increasing need for residential and rental premises in the region. Hence, the project aims to
convert the building from office building to residential and retail premises.
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