This report serves as a primer on IT procurement contracts. Our focus is primarily on contracts for IT services, though the principles apply to any type of IT procurement. We explain the typical elements of an IT procurement contract and the major types of contracts, including various types of fixed-price and cost-reimbursable agreements. We then provide guidelines for choosing the right type of contract based on characteristics of the procurement or project. We conclude with a checklist that can be used to review proposed contracts.(7 pp., 2 figs.)
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