Article
Matching the contract to the product
One of the primary sources of risk in contracting is the type of product to be acquired. Some products, whether they be goods or services, are easy to describe and easy to make. That is, it is easy for the buyer to define the product’s requirements. On the other hand, complex products are difficult to describe and difficult to make. These differences should ideally translate into the type of contract used to procure the products....
