EC-Council
312-76 · Question #211
Which of the following contract types is described in the statement below? "The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated…
The correct answer is B. Cost Plus Fixed Fee Contracts (CPFF). See the full explanation below for the reasoning.
Question
Which of the following contract types is described in the statement below? "The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated as a percentage for the initial estimated project costs."
Options
- AFixed Price Incentive Fee Contracts (FPIF)
- BCost Plus Fixed Fee Contracts (CPFF)
- CCost Plus Incentive Fee Contracts (CPIF)
- DFirm Fixed Price Contracts (FFP)
How the community answered
(41 responses)- A12% (5)
- B78% (32)
- C7% (3)
- D2% (1)
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