A _____ contract should be used in cases where the parties cannot accurately predict labor or materials 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
Q63: The _ contract is generally used in
Q66: The _ clause in a contract provides
Q67: The _ clause in a contract ensures
Q70: The _ clause in a contract stipulates
Q75: A _ is defined as a purchase
Q76: In the _ contract, if the supplier
Q94: The _ clause of a contract stipulates
Q96: The _ clause of a contract identifies
Q106: With pure _ contracts, allowable costs are
Q109: The _ clause in a contract provides
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