An RFP says that the contract planned is to be fixed price.The project is well-defined and low risk.The contractor should bid based upon the contract type and risk level.

Question

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If the RFP specifies a fixed price contract and the project is well-defined and low risk, it is appropriate to expect bids to be based on the provided information. Contractors may choose to adjust their bid slightly based on their own experience and workload, but the overall contract price should be fixed.

An RFP Says That the Contract Planned Is to Be