A _____ is a contract that covers all allowable expenses and pays the contractor for all allowable costs with an additional amount to cover the contractor's fee.
A) cost plus contract
B) fixed-price contract
C) no-bid contract
D) collateral contract
E) quasi-contract

Question

Quizplus · Accepted Answer

The description matches a cost plus contract, which pays the contractor for all allowable expenses along with an additional fee. A fixed-price contract involves a set price and does not cover all allowable expenses. No-bid contracts, collateral contracts, and quasi-contracts are not relevant to the given description.

A _____ Is a Contract That Covers All Allowable Expenses