Exam C2010-555 topic 1 question 113 discussion

D - Purchase Contract - it allows for changes on the PO if a certain quantity is ordered. Purchase – A purchase contract can allow the quantities and prices to be changed on the purchase order. It is the only type of purchase contract that can have a payment schedule. Price – A price contract has agreed upon prices that cannot be changed on the PO. The price contract normally has a quantity of one because it is expected that the user will enter the quantity required.

Purchase Contracts: These types of contracts set specific pricing for items or services over a specified amount of time with a specific vendor. They differ from blanket and pricing contracts in that they require a purchase order that does not specify a maximum amount to be spent. Answer is A.

Purchase Contracts Purchase contracts are used in conjunction with vendors and they define a legally binding agreement between your organization and a vendor. The contract helps to define on agreed upon pricing for materials and services that your organization has negotiated with vendors. The contract helps to define the prices for items or services, the quantities of these entities as well as the conditions under which they will be purchased and invoiced. In a new install of Maximo there are three types od contracts that be used. Price contract application does not exist. It is Purchase - D

i think answer is A https://www.ibm.com/support/knowledgecenter/pt/SSLKT6_7.6.0/com.ibm.mbs.doc/contpurch/c_price_contracts.html?pos=2