LG is a small information systems consulting firm located inPhoenix,
AZ. LG has just been hired to design and install a local areanetwork (LAN)
for the city of Phoenix’s social welfare agency. You are themanager for the project,
which includes one LG's professional and two interns from alocal university.
You have just finished a preliminary scope statement for theproject.
What type of contract(s) might be applicable to this project ifyou were to outsource certain aspects of your project to suppliers.Ensure that you justify your supplier contractual decisions basedthe inherent risks related to your selected contract type(s). Makeany assumptions and document them accordingly.
The types of contracts are:
Cost-Plus Contract
Fixed Price Contract
