Explanation of various types of fixed price

Fixed value contracts have a preset value that the seller must cling to in playing out the work and in giving materials. There are various kinds of fixed value contracts. Clarify them. [Explanation of different kinds of fixed cost contracts] 2. Direct contracting is another acquirement strategy that is utilized under a predetermined number of excellent conditions. Clarify the conditions for embracing direct contracting, prerequisites and steps for direct contracting Conditions for receiving direct contracting Requirements for direct contracting and Steps for direct contracting] 3.Write short notes on Cost Plus Fee Contracts. [Explanation of Cost Plus Fee Contracts Features Conditions for receiving Advantages and disadvantages] 4. The strategies for choosing a specialist are intended to accomplish the destinations of value, effectiveness, decency and straightforwardness in the determination procedure and to energize rivalry. Talk about any 2 techniques for choosing specialists. [Expla nation of any 2 of the strategies With Where it is suitable Type of assignments for which this strategy for choice is adopted] 5.The agreement introduction process initiates directly toward the starting phase of offer archive arrangement welcoming contractual workers to offer, and continues through the agreement exchange, temporary worker choice, checking and controlling of the contractual worker's work and ending the agreement. Clarify the territories that need consideration for successful control of the agreements in a task [Core capability of the undertaking administrator Requirements of the working framework Use of Work Breakdown Structure Recognizing the restrictions with flexibility] 6. Clarify the need of Procurement law and what are its goals? [Explain the need of Procurement law List the Objectives]