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You have been assigned as the Project Manager for a new project that involves deployment...

You have been assigned as the Project Manager for a new project that involves deployment of a new software application to all your organization's users. The timeline is aggressive, and this software is being deployed on your company's architecture for the first time. In addition, your project steering committee has specified an allowable budget for your project. You plan to use an outside company for this deployment. Which of the following contract types is BEST suited for you to negotiate?

A.

Time and material

B.

Cost reimbursable

C.

Fixed price

D.

Lowest bid

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