Who has the most risk in a cost reimbursable contract

The buyer has the most risk as if the cost increases, he has to pay the additional cost.

Question added by Mohammed Qaisar I PMP I MCIPS I MBA , Group Procurement Manager (Civil) , Al Ghurair Construction LLC
Date Posted: 2017/09/23

Upvote (1) Views (6) Followers (5) Answers (4) Report Question

The buyer is the most at risk in this type of contract.

by Mouhanad Alturkmani , Chief Financial Officer , Murano Property Development

The buyer has the most risk .

by Lavanya Mohanarangan , Senior Quantity Surveyor , Aati Contracts

Buyer has to face all risks in case of cost reimbursable Contract

by Zakir Muhammed , Contract Administrator , DS Contracting Co.

Yes, buyer must bear all the additional cost arises.

Which of the following types of contracts is equivalent to a cost plus contract?
Top Answer: Option-B Cost reimbursable See More

Answers (1)
Which of the following types of contracts is equivalent to a cost plus contract: ?
Top Answer: B. Cost reimbursable like Cost-plus-incentive-fee; Cost-plus-award-fee; and Cost-plus-fixed-fee. ... See More

Answers (9)
Which of the following statements are FALSE regarding costreimbursable contracts?
Top Answer: A is the right answer , so the false statements are B and C See More

Answers (4)
When cost reimbursement contract is used?
Top Answer: This is sometimes known as ‘cost plus’ or ‘all daywork’. The essence is that the contractor is paid for a ... See More

Answers (1)

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Who has the most risk in a cost reimbursable contract - the buyer or seller ?