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CAPM · Question #426
CAPM Question #426: Real Exam Question with Answer & Explanation
The correct answer is A: Time and materials (T&M). See the full explanation below for the reasoning.
Predictive, Plan-Based Methodologies
Question
When paying a consultation fee to a technical expert, what type of contract is often used?
Options
- ATime and materials (T&M)
- BCost plus incentive fee (CPIF)
- CFixed price incentive fee (FPIF)
- DCost plus award fee (CPAF)
Topics
#Contract types#Procurement management#Time and materials#Consulting contracts
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