{"id":3032,"date":"2022-10-13T00:06:21","date_gmt":"2022-10-13T00:06:21","guid":{"rendered":"https:\/\/fullformfactory.com\/?p=3032"},"modified":"2022-10-13T00:06:21","modified_gmt":"2022-10-13T00:06:21","slug":"pmc-full-form","status":"publish","type":"post","link":"https:\/\/fullformfactory.com\/pmc-full-form\/","title":{"rendered":"PMC Abbreviation"},"content":{"rendered":"

Looking for PMC abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of PMC in various groups like Engineering, Governmental, Database Management, Business, Technology, and Networking.<\/p>\n

FullFormFactory is the largest source of abbreviations generated in different ways using AI and verified by our community. You can see all the abbreviations in different categories popularity-wise followed by the most popular abbreviation of PMC in the image.<\/p>\n

Popular abbreviations of PMC:<\/h2>\n

Searching for PMC abbreviation \/ PMC full form leads to different results in different categories. The below table illustrates the popular acronyms among them.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
Term<\/th>\nAbbreviation<\/th>\ncategory<\/th>\n<\/tr>\n
PMC<\/td>\nProject Management Contract<\/td>\nBusiness<\/td>\n<\/tr>\n
PMC<\/td>\nPune Municipal Corporation<\/td>\nDepartments & Agencies<\/td>\n<\/tr>\n
PMC<\/td>\nPune Municipal Corporation<\/td>\nDepartments & Agencies<\/td>\n<\/tr>\n
PMC<\/td>\nPubmedcentral<\/td>\nDatabase Management<\/td>\n<\/tr>\n
PMC<\/td>\nPunched Marked Coins<\/td>\nMilitary<\/td>\n<\/tr>\n
PMC<\/td>\nProject Management Consultant<\/td>\nJob Titles<\/td>\n<\/tr>\n
PMC<\/td>\nPolymer Matrix Composite<\/td>\nTech Terms<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\"pmc-full-form\"<\/div>\n

You can download this image and share it on social media. If you are a website owner, you can add appropriate citations to use this PMC full form, meaning image.<\/p>\n

What does PMC mean?<\/h2>\n

A Project Management Contract<\/strong> is a legal agreement between the buyer and the seller—both the parties act according to the contract. The buyer can buy the product or services from the seller, and the seller receives the benefit commonly in monetary terms.<\/p>\n

Both parties have certain obligations to fulfill. The legal agreement states the obligations. But, any party can change the terms in a contract according to the actual or fluctuating cost.<\/p>\n

Types of PMC<\/h2>\n

Fixed Price Contracts<\/h3>\n

The seller and buyer agree upon the services’ fixed price. The clauses and the scope of work are clearly defined to the buyer. It involves a high risk for the seller as the cost may exceed the price mentioned in a contract.<\/p>\n

Cost Reimbursable Contract<\/h3>\n

It works on the principle of performance metrics and where high risk is involved. There is no fixed cost for the project. The seller can finish the work for the fixed time as agreed upon and increase the bill to profit.<\/p>\n

Time and Material Contract<\/h3>\n

It is one of the most preferred contracts where the seller signs the contract according to the material consumption. The seller can sign the contract with the vendor to purchase selected items and workforce.<\/p>\n

The seller can select a vendor according to the experience and capability, and the seller can pay the negotiated price based on the quantity of purchased material.<\/p>\n

Importance of PMC<\/h2>\n