GIAC
GCPM · Question #103
You are the project manager for your organization and would like to use a time and materials contract for a small project. What must a time and materials contract have to safeguard the project?
The correct answer is B. A not-to-exceed clause. See the full explanation below for the reasoning.
Question
You are the project manager for your organization and would like to use a time and materials contract for a small project. What must a time and materials contract have to safeguard the project?
Options
- ATerms for payment
- BA not-to-exceed clause
- CAn approved vendor by a leading trade organization
- DApproval from the project sponsor
How the community answered
(18 responses)- A6% (1)
- B78% (14)
- C6% (1)
- D11% (2)
Community Discussion
No community discussion yet for this question.