Answer:
Step-by-step explanation:
1. Supplier: ABC Construction Materials
Contract Type: Fixed-Price Contract
A fixed-price contract commits the provider to delivering particular materials at a predetermined fixed cost. This sort of contract guarantees price stability and guards against cost variations.
2. Supplier: XYZ Plumbing Services
Contract Type: Time and Materials Contract
According to the actual time spent and the materials consumed, a time and materials contract pays the supplier. This kind of agreement is appropriate for services whose scope or duration may be ambiguous, such as plumbing services provided during construction.
3. Supplier: DEF Electrical Solutions
Contract Type: Unit Price Contract
A unit pricing contract pays the supplier according to a predetermined rate for each completed unit of work. This can depend on the quantity of outlets, lighting fixtures, or wiring that was installed in the case of electrical work. This kind of contract allows for flexibility as the project develops and precise cost estimation based on the necessary work units.