Under ____ contracts,the buyer pays the provider for both the time and materials required to complete the contract.
A) fixed-priced
B) lump-sum
C) time and material
D) cost-reimbursable

Question

Quizplus · Accepted Answer

Time and material contracts require the buyer to pay for the actual amount of time and materials used to complete the project, as opposed to a fixed price or lump sum. This type of contract is often used when the scope of the work is uncertain or the project involves ongoing maintenance or support.

Under ____ Contracts,the Buyer Pays the Provider for Both the Time