Examlex
Which statement is FALSE?
Fixed Total Cost Contract
A type of contract where the contractor is paid a set amount for the work, regardless of the actual costs incurred.
Manager Of Vendor Contracts
An individual responsible for overseeing and managing contracts with suppliers and vendors, ensuring terms are fulfilled and evaluating performance.
Specifications
Detailed descriptions of design, materials, and performance criteria that products or services must meet or exceed.
Compliance
Adherence to laws, regulations, guidelines, and specifications relevant to business operations or activities.
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