PMI
CAPM · Question #266
What are the two most common contract types used in a project?
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Project Management Fundamentals and Core Concepts
Question
What are the two most common contract types used in a project?
Options
- ACost plus award fee (CPAF) contract and fixed price contract
- BFixed price contract and cost-reimbursable contract
- CCost-reimbursable contract and time and material (T&M) contract
- DTime and material (T&M) contract and cost plus award fee (CPAF) contract
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Topics
#Contract types#Procurement#Fixed-price contracts#Cost-reimbursable contracts