state purchasing contracts


  • What is purchasing contract?

    A purchase contract is a legal contract between a buyer and a seller made during a real estate sale, sale of company stock, or sale of other assets. All parties must have the legal capacity to make the purchase.
  • What are the two basic types of purchasing contracts?

    The main types of procurement contracts include: Fixed price contracts. Cost-reimbursable contracts.
  • What are the 3 types of contracts?

    The three most common contract types include:

    Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
  • The three main types of procurement are direct goods or services, indirect goods or services, and professional services. Each type provides its own benefits depending on the needs of your company so be sure to consider each one carefully when making a decision about which is best for you.
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