英语翻译

英语翻译
Cost-based contracts are appropriate for situations in which there is a risk that a large contingency fee might be included using a fixed-price contract.Cost-based contracts typically represent a lower risk level of economic loss for suppliers,but they can also result in lower overall costs to the purchaser through careful contract management.It is important for the purchaser to include contractual terms and conditions that require the supplier to carefully monitor and control costs.The two parties to the agreement must agree what costs are to be included in the calculation of the price of the goods or services procured.