...nT3***iJT&HlM8; *fcft#PJSttfflMIBJftffc*aftftM:F. *&$* awwtf't'iszajtmwftfflfciMiftiB. contract aH,a*5 A contract is a mutually binding agreement that obligates the seller to provide the specified product and obligates the buyer to pay for it. A contract is a legal relationship subject to remedy in the...

...objectives. Contingency reserves are normally included in the project's cost and schedule baselines. Contract. A contract is a mutually binding agreement...obligates the seller to provide the specified product and obligates the buyer to pay for it. Contract administration. Managing the relationship with the...

...information and communication needs of the project stakeholders. contingencies See reserve. contract A mutually binding agreement that obligates the seller to provide the specified product and obligates the buyer to pay for it. Contracts generally fall into one of three broad categories:...

...contractual provisions, and specific external requirements. contingency (reserve) The amount of money or time needed above the estimate to reduce the risk of overruns of project objectives to an organizational acceptable level. contingency plan A management plan that identifies alternative...

...Guide defines contingency reserve as the amount of money or time needed above the estimate that reduces the risk of overruns of project objectives to a level acceptable to the organization. For example, rework is certain; the amount of rework is not. Contingency reserves may involve cost,...

...Contingency An amount of money reserved by the owner to pay for unforeseen changes in the work. Contract A mutually binding agreement that obligates the seller to provide the specified product and obligates the buyer to pay for it. Contract Administration Managing the relationships between the...