A flexible contract is appropriate when the SOW is sufficiently detailed and stable and the seller can prepare an accurate fixed price for completing the work.

Question

Quizplus · Accepted Answer

A flexible contract is more appropriate when the SOW (Statement of Work) is not sufficiently detailed and stable, making it difficult for the seller to prepare an accurate fixed price, thus necessitating a more adaptable contract type, such as time and materials or cost-reimbursable.

A Flexible Contract Is Appropriate When the SOW Is Sufficiently