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PGMP · Question #369
PGMP Question #369: Real Exam Question with Answer & Explanation
The correct answer is C: Time and materials. See the full explanation below for the reasoning.
Financial Management
Question
A project you have been managing is falling behind schedule. You have received approval to crash the project by adding an additional programmer. The cost you have negotiated is $60 US per hour. The programmer will work on the project until it is complete, then the contract will end. What type of contract is this?
Options
- ACost-plus
- BPurchase order
- CTime and materials
- DFixed-price
Topics
#Contract types#Procurement management#Time and materials contract
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