Progressive Acquisition and the RUP Part IV: Choosing a Form and Type of Contract

In Part III we began looking at what actually goes into a contract, examining basic elements required for an effective contract and hurdles that tend to get in the way of constructing such a contract. We also looked at specific content required for the contracting approach we suggested in Part II, and the reasons most companies use a centralized acquisitions approach. Now, in Part IV, we will describe the variables that govern contract formulation3 and then discuss how to choose the best form and type of contract to accommodate particular contract conditions.