A _____ contract should be used in cases where the parties cannot accurately predict labor or material costs and quantities to be used prior to the execution of the purchase agreement.
A) fixed-price with escalation
B) firm fixed price
C) cost sharing
D) cost-based
E) fixed-price with redetermination
Correct Answer:
Verified
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Q56: _ refers to the volatility of pricing
Q57: In a firm fixed price contract, if
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Q61: All of the following are important factors
Q62: A/An _ is an agreement that typically
Q63: The _ contract is generally used in
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