I keep on reading articles on Procument management contract types and get confused all the time. Questions
that confuse me include :
a) Which contract type is more riskier to the buyer/seller  (this applies not only between Fixed Price Contracts VS T&M contracts VS Cost Reimb. contracts but also within a specific contract type i.e. CPFF VS CPIF VS CPPC VS CPAF contract)
b) Which contract type would be used in which situation .