TYPES OF CONTRACTS IN PROCUREMENT and Project Management | PMP Exam Prep | Contract Management

Learn about the types of contracts in procurement in project management from this video. Types of contracts in procurement management is a very important topic for your PMP Exam and CAPM Exam preparation. In this video, we talk about the different types of contracts such as Firm Fixed Price (FFP), Fixed Price with Incentive Fee (FPIF), Fixed Price with Economic Price Adjustments (FPEPA), Cost Plus Percentage Cost (CPPC), Cost Plus Fixed Fee (CPFF), Cost Plus Award Fee (CPAF), Cost Plus Incentive Fee (CPIF), Time and Material Contract (T&M) and Indefinite Delivery Indefinite Quantity (IDIQ) contracts. Different contract types for procurement management as discussed in PMBOK 6th edition and PMBOK 7th edition is explained in this PMP Certification Exam tutorial video. Link to download TYPES OF CONTRACTS STUDY GUIDE: https://drive.google.com/file/d/1bsxe... #typesofcontractsinprocurement #contractmanagement #pmpexam _______________________________________________ ⭐⭐⭐ My PMP Exam Mock Simulator 2022 (PMBOK7 + PMBOK6) • UDEMY - https://www.udemy.com/course/pmp-exam... (25% Discount Coupon Code for UDEMY): 20E9B4CF38149F0873FE ________________________________________________ ⭐⭐⭐ My recommended 35 PDU Courses on UDEMY: • Joseph Philips: https://click.linksynergy.com/deeplin... • Andrew Ramdayal: https://click.linksynergy.com/deeplin... • Sabri C: https://click.linksynergy.com/deeplin... • Umar Waqar: https://click.linksynergy.com/deeplin... ________________________________________________ ⭐⭐⭐ Practice more PMP Questions from Mock Simulators on UDEMY: • Tridib Roy: https://click.linksynergy.com/deeplin... • Andrew Ramdayal: https://click.linksynergy.com/deeplin... • Elite Instructors: https://click.linksynergy.com/deeplin... ________________________________________________ ⭐⭐⭐ Add a final touch for your PMP Exam Prep: • PMP Exam Cram Session by Joseph Philips: https://click.linksynergy.com/deeplin... ________________________________________________ CHAPTERS: 0:00 Types of Contracts in Procurement - Introduction 0:46 Types of Procurement Contracts - Classification 2:00 Firm Fixed Price Contract (FFP Contract) 4:49 Cost Reimbuseable Contract (CR Contract) 7:29 Time and Material Contract (T&M COntract) 9:00 Types of Contracts - FPIF, FPEPA, CPPC, CPAF, CPIF, T&M, IDIQ 12:31 Contract Management in PMP Exam 14:20 PMP Exam Questions - Types of Contracts ________________________________________________ PMP Materials for self-study: ⭐ FREE Guide to solve Situational Questions in PMP Exam New Format: https://www.pmpwithray.com/pmp-situat... ⭐ FREE PMP Prep Resources: https://www.pmpwithray.com _______________________________________________ // WATCH MY OTHER PMP NEW FORMAT TRAINING VIDEOS// • New PMP Situational Question Tutorial Playlist:    • How to solve SITUATIONAL QUESTIONS in PMP ...   • PMP ITTO Playlist:    • HOW TO MEMORIZE ITTOs for PMP Exam and CAP...   • Last Minute Tips for your PMP Exam:    • PMP EXAM LAST MINUTE TIPS| How to Prepare ...   • How to improve your PMP Exam mock scores?    • PMP EXAM SITUATIONAL QUESTION Practice Set...   __________________________________________ // CONNECT WITH ME // • LinkedIn:   / raynilotpal   ______________________________________________________ • Business Enquiries: [email protected] ______________________________________________________ This video talks about: types of contracts in procurement,contract management in project management,contract management in purchase management,types of contract management,contract types in project management,pmp procurement management,types of procurement,types of contract in project management,project procurement management,types of contract,contract management,pmp exam prep,project management,procurement contracts,pmp exam contract types,procurement management,pmp training videos