Which is not one of the criteria given in the textbook to determine whether using an FFP type contract is feasible?
A) Specifications are well defined
B) Cost risk is high
C) Schedule risk is low
D) Technical risk is low
E) Competition has established pricing

Question

Quizplus · Accepted Answer

The criteria for using a Firm Fixed Price (FFP) contract typically include well-defined specifications, low cost risk, low schedule risk, low technical risk, and established pricing through competition. High cost risk is not a criterion for using an FFP contract; it actually suggests the use of a different type of contract that can accommodate the uncertainty in costs.

Which Is Not One of the Criteria Given in the Textbook