IIA
IIA-CIA-PART3 · Question #317
A organization finalized a contract in which a vendor is expected to design, procure, and construct a power substation for $3,000,000. In this scenario, the organization agreed to which of the…
The correct answer is B. A lump-sum contract. You've hit your session limit · resets 10:20pm (America/New_York)
Question
A organization finalized a contract in which a vendor is expected to design, procure, and construct a power substation for $3,000,000. In this scenario, the organization agreed to which of the following types of contracts?
Options
- AA cost-reimbursable contract.
- BA lump-sum contract.
- CA time and material contract.
- DA bilateral contract.
How the community answered
(50 responses)- A14% (7)
- B74% (37)
- C4% (2)
- D8% (4)
Explanation
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