GIAC
GCPM · Question #338
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 D. 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
- BApproval from the project sponsor
- CAn approved vendor by a leading trade organization
- DA not-to-exceed clause
How the community answered
(31 responses)- A10% (3)
- B3% (1)
- C3% (1)
- D84% (26)
Community Discussion
No community discussion yet for this question.