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GSLC · Question #36

GSLC Question #36: Real Exam Question with Answer & Explanation

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Question

Rick is the project manager for TTM project. He is in the process of procuring services from vendors. He makes a contract with a vendor in which he precisely specify the services to be procured, and any changes to the procurement specification will increase the costs to the buyer. Which type of contract is this?

Options

  • AFixed Price with Economic Price Adjustment
  • BFixed Price Incentive Fee
  • CCost Plus Fixed Fee Contract
  • DFirm Fixed Price

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