GIAC
GCPM · Question #321
You are the program manager for your project. You are working with the project managers regarding the procurement processes for their projects. You have ruled out one particular contract type because
The correct answer is C. Cost plus percentage of costs. See the full explanation below for the reasoning.
Question
You are the program manager for your project. You are working with the project managers regarding the procurement processes for their projects. You have ruled out one particular contract type because it is considered too risky for the program. Which one of the following contract types is usually considered to be the most dangerous for the buyer?
Options
- ACost plus incentive fee
- BTime and materials
- CCost plus percentage of costs
- DFixed fee
How the community answered
(30 responses)- A3% (1)
- B10% (3)
- C80% (24)
- D7% (2)
Community Discussion
No community discussion yet for this question.