The choice of contract type is independent of the nature of the buyer-supplier relationship.

Question

Quizplus · Accepted Answer

The choice of contract type is dependent on the nature of the buyer-supplier relationship. Factors such as the level of trust, communication, and collaboration between the parties can influence the selection of a contract type. For example, a cost-reimbursable contract may be preferred when a high level of collaboration is necessary, while a fixed-price contract may be more suitable for a transactional, less collaborative relationship.

The Choice of Contract Type Is Independent of the Nature