In a _____, the supplier is reimbursed all of their actual costs plus some agreed on operational margin and overhead amount.
A)RFP
B)cost-based contract
C)material purchase release
D)fixed-price contract
E)reverse auction

Question

Quizplus · Accepted Answer

In a cost-based contract, the supplier is reimbursed for all of their actual costs plus an agreed-on margin and overhead amount. This type of contract is commonly used when the scope of work is uncertain or highly variable, and it can provide more transparency and accountability for the supplier's costs.

In a _____, the Supplier Is Reimbursed All of Their