Cryptocurrency Q&A
What contract type puts the full performance risk?
What contract type puts the full performance risk?
DigitalDynasty
Sat Apr 05 2025
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5
answers
994
I'm trying to understand which type of contract places the entire performance risk on a party. I want to know which contract makes one party fully responsible for delivering the promised results, without any shared risk.
5 answers
CherryBlossomPetal
Sun Apr 06 2025
The contractor bears full responsibility for all expenses incurred during the contract's execution.
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SamsungShiningStar
Sun Apr 06 2025
Additionally, the contractor is accountable for any profit or loss that arises from the project.
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SolitudeEcho
Sun Apr 06 2025
A firm-fixed-price contract establishes a price that remains constant throughout the duration of the agreement.
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CharmedWhisper
Sun Apr 06 2025
The contractor is not permitted to alter the price based on their cost experience while fulfilling the contract.
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SilenceStorm
Sun Apr 06 2025
This contract type assigns the highest level of risk to the contractor.
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