Which of the following best explains a situation where a contractor agrees to work based on a fixed sum plus extra payments based upon superior performance?

Question

Quizplus · Accepted Answer

A fixed price plus incentive fee contract is a type of contract where the contractor is paid a fixed sum but can earn additional payments based on superior performance, such as completing the project ahead of schedule or under budget. This provides an incentive for the contractor to perform at a high level and can result in better overall outcomes for both the contractor and the client.

Which of the Following Best Explains a Situation Where a Contractor