Solved

A _____ Contract Should Be Used in Cases Where the Parties

Question 58

Multiple Choice

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:

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