I am a contract management consultant and also a faculty member and fellow of the Indian Institute of Materials Management, having spent more than half a century on both sides of the table. I insisted that contract management (which deals with specific aspects of contract management from the contractor`s perspective) should also be added as a separate area of knowledge. S.S.V.RAGHAVAN PMP Today we will discuss different types of purchase contracts used in project management. Negotiation contracts are called many different things; including: supply contracts, service contracts, service agreements, management contracts, service contracts, delivery contracts, delivery details, service details, benefit plan, service plans and almost any other permutation of these words you want to build. When is it the perfect time for the front-end store and the different steps to actually decide which contract should be used? This type of contract involves the payment of the actual costs from the supplier to the supplier, plus a royalty that usually represents the seller`s profit. Most states recognize many types of “monetary” damages, including consequential, incidental, special, punitive, exemplary, indirect, and unrealized profits. However, States may postpone the date on which consequential damage can be repaired (it was foreseeable) and the types of damage resulting from it. . . .