Contract comparison

Description

Instructions Directions Consider three of the contract types that we have studied: lump sum, unit price, and cost plus. Provide three scenarios that call for contracts – one for each of the contract types. In a written narrative, describe your scenarios and address the advantages and disadvantages of the contract type used. Papers should be 3-4 pages not including cover page and reference page, typed, double-spaced, written in APA style, with 12 point font and 1-inch margins. Submit this assignment to the dropbox “Assignment 06.1: Contract Comparisons.” This assignment is worth 55 points and will be graded according to the scoring guide below. SCORING GUIDE ( 55 POINTS ) Rating Scale 9 Work meets or exceeds criterion at a high level of competence. 8 Work reflects an understanding of criterion with minor misunderstandings/misconceptions. 7 Criterion partially met, but one or more important concepts/skills are missing or flawed. 6 Work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent. 5-0 Criterion not met or work is absent. Criteria 1. Described a scenario addressing the advantages and disadvantages of lump sum contracts. 2. Described a scenario addressing the advantages and disadvantages of unit price contracts. 3. Described a scenario addressing the advantages and disadvantages of cost plus contracts. 4. Paper used APA style and format in a minimum required written pages with appropriate grammar and spelling. 5. Assignment reflects an understanding of the concepts and terms related to the material in the learning plan.