Which contract type consists of - target costs & profit, ceiling prices and shared rat
A Cost Plus Incentive Fee
B Cost Plus Percentage of Costs
C Cost Plus Fixed Fee
D Firm Fixed Price
E Firm Fixed Price Plus Incentive
A Cost Plus Incentive Fee
B Cost Plus Percentage of Costs
C Cost Plus Fixed Fee
D Firm Fixed Price
E Firm Fixed Price Plus Incentive
177 Which type of contract requires that the buyer keep the tightest labor/material cost control?
A. Cost Plus Incentive Fee
B. Cost Plus Percentage of Costs
C. Cost Plus Fixed Fee
D. Firm Fixed Price
E. Firm Fixed Price Plus Incentive
169 Which type of process involves the agency holding discussions with each of the offerors, after receipt of their proposals, in the process of arriving at an agreement prior to the award of a contract? A. Sealed bidding
B. Competitive proposals
C. Noncompetitive proposals
D. Formal bid
E. Verbal bid
103 Which contract type consists of - target costs & profit, ceiling prices and shared ratio of risk?
A. Cost Plus Incentive Fee
B. Cost Plus Percentage of Costs
C. Cost Plus Fixed Fee
D. Firm Fixed Price
E. Firm Fixed Price Plus Incentive
A Cost Plus Incentive Fee
B Cost Plus Percentage of Costs
C Cost Plus Fixed Fee
D Firm Fixed Price
E Firm Fixed Price Plus Incentive
A Sealed bidding
B Competitive proposals
C Noncompetitive proposals
D Formal bid
E Verbal bid
87 Which type of process involves the agency holding discussions with each of the offerors, after receipt of their proposals, in the process of arriving at an agreement prior to the award of a contract?
A. Sealed bidding
B. Competitive proposals
C. Noncompetitive proposals
D. Formal bid
E. Verbal bid
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
175 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
93 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