Cost reimbursable contracts are most often used when the scope of work or the costs for performing the work are well known.

Question

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Cost reimbursable contracts are typically used when the scope of work or the costs for performing the work are uncertain or cannot be accurately estimated at the time of contract award. In these contracts, the seller is reimbursed for their actual costs incurred in performing the work, plus a fee or profit margin.

Cost Reimbursable Contracts Are Most Often Used When the Scope