PMI
CAPM · Question #426
When paying a consultation fee to a technical expert, what type of contract is often used?
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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)
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Topics
#Contract types#Procurement management#Time and materials#Consulting contracts