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A procurement manager is considering accepting a fixed price agreement for 12 months with an...

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A procurement manager is considering accepting a fixed price agreement for 12 months with an IT supplier. What are the advantages of fixed price agreements? Select TWO that apply.

A.

The supplier can reduce the costs to benefit the buyer

B.

The supplier will bear all the risk of cost fluctuations

C.

The supplier will reimburse the buyer for all costs incurred

D.

The administration for the 12 months will be simpler

E.

The supplier will always prioritise fixed cost projects over variable projects

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