Procurement Without the Pain (Part 2 of 2): Why Contract Types Confuse PMP Students

PMP Exam Prep with Scott Payne · Oct 1, 2025 · 13m

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This is Part 2 of our deep dive into procurement, inspired by a listener who texted me after struggling with procurement questions on a mock exam.

In Part 1, we broke down the contract families — Fixed Price, Cost-Plus, and Time & Materials — and made it clear who benefits and why. We even cleared up the biggest confusion point: Cost-Plus vs. T&M (Receipts vs. Rate Card).

Now in Part 2, we take it further and uncover why PMI often wants…