This type of contract is a high risk contract for the contractor.
A) actual price contract
B) cost-reimbursement contract
C) fixed-price contract
D) BAFO contract

Question

Quizplus · Accepted Answer

Fixed-price contracts are high risk for the contractor because they agree to deliver the project at a set price, regardless of the actual costs that may arise, which could lead to financial losses if costs are underestimated.

This Type of Contract Is a High Risk Contract for the Contractor