Business Analyst: What is contract negotiation for BAs?

Contract negotiation — agreeing on terms with vendors.

Key terms:

• Scope — deliverables.
• Price — fixed vs T&M.
• Timeline — milestones.
• SLAs — service levels.
• Warranty — support period.

Contract types:

• Fixed Price — predictable cost.
• Time & Materials — flexible.
• Cost-Plus — actual cost + fee.

Example:

BA role:

• Requirements accuracy.
• Acceptance criteria.
• SLA definition.