The type of contract (payment mechanism) chosen for a project is often a reflection of the
The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project. For a firm fixed price contract, payment for risk _____ .
A Is accomplished by paying the actual costs to the contractor.
B Is accomplished by paying the contractor for his costs plus a fixed fee (profit).
C Is an undisclosed contingency in the contractor's bid.
D Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.
E B and C