week 13

TYPES OF CONTRACT EXERCISE

Instructions: Within the context of your Week 2 Business Case project you will address and identify the different types of contracts that are available for supply chain management.

You will copy and paste the Business Case.

Business Case: News source (APA reference): McConnon, A. (2020) Detroit’s Revival is Anchored in its Train Station. The New York Times.

Web address: https://www.nytimes.com/2020/01/21/business/detroit-ford-train-station.html

City: Detroit.

Ford Motor Company recently initiated a renovation project to bring back the life to the now-crumbing Central Michigan Station. The company intends to renovate the station and transform it into a 1.2 million-square-foot innovation hub. The project will be completed at Detroit's Central Michigan station that has deteriorated and lost its iconic beauty in recent years. The station was for a long time the symbol of Detroit’s vibrancy. The company acquired the station in 2018 and started the project which is scheduled for completion in 2023. The project is meant to attract investments in the City of Detroit since the city declared bankruptcy in 2013.

For each of the six (6) contract types below you will provide a description of each contract type and then identify where each of the contract could be utilized within your project. These need to be specific examples and explain why the specific contract type would be ideal for these supplies (goods or services). There is no word minimum but each should cover the required material and provide the specific information sought.

Business Case:

Fixed-Price Contracts

Firm-Fixed-Price (FFP) Contract:

Fixed-Price-Incentive-Fee (FPIF) Contract:

Fixed-Price-Economic-Price-Adjustment (FP-EPA) Contract:

Cost-Reimbursable Contracts

Cost-Plus-Fixed Fee (CPFF) Contract:

Cost-Plus-Award-Fee (CPAF) Contract:

Cost-Plus-Incentive Fee (CPIF) Contract: