If you want to give a vendor an incentive to complete work early, which type of contract would you use?

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Francis Hensley

19 March, 06:26

If you want to give a vendor an incentive to complete work early, which type of contract would you use?

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Hope · Answer 1

fixed price contract: The vendor will be paid a fixed payment regardless his time spending. Thus the vendor will try to complete work as soon as possible, then he can receive his payment / incentive for completed work