Multiple Choice
With a Cost Plus Fixed Fee (CPFF)
A) the customer assumes the risk of cost overruns
B) the price to the customer remains the same
C) the contractor is assured of being reimbursed for all allowable expenses
D) contractor risks underestimating the cost and losing money on the project
E) cutting-corners to reduce costs is a potential risk
Correct Answer:
Verified
Correct Answer:
Verified
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Q23: Statement: The schedule for procured items can
Q24: Items to be procured during the project
Q25: With a Cost Plus Incentive Fee (CPIF)<br>A)
Q26: Statement: The "conduct procurement" stage is also
Q28: The customer advertises for project price bids
Q29: A "solicitation package" includes (circle all that
Q30: With a Time and Materials (T&M) contract<br>A)
Q31: Statement: Procurement management follows a process similar
Q32: Statement: Portions of or even entire work