PMIPMI
CAPM · Question #266
CAPM Question #266: Real Exam Question with Answer & Explanation
The correct answer is B: Fixed price contract and cost-reimbursable contract. See the full explanation below for the reasoning.
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
Topics
#Contract types#Procurement#Fixed-price contracts#Cost-reimbursable contracts
Community Discussion
No community discussion yet for this question.