In a ____ contract, the customer will pay the contractor a set amount regardless of how much the work actually costs the contractor.
A) materials-based
B) time-based
C) fixed price
D) time and materials

Question

Quizplus · Accepted Answer

In a fixed price contract, the contractor agrees to complete the project for a set price regardless of the actual cost of materials or time required. This type of contract provides more predictability for the customer and places the risk of unexpected costs on the contractor.

In a ____ Contract, the Customer Will Pay the Contractor