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PK0-005 · Question #238

PK0-005 Question #238: Real Exam Question with Answer & Explanation

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Project Management Concepts

Question

A project manager is reviewing a signed legal document pertaining to the hiring of a vendor who will develop an experimental solution. The vendor could not provide accurate estimates at this time because the requirements will probably be changing. The document also contains information about the resources involved and the rates the vendor will charge for the work. Which of the following best describes the legal document the project manager is reviewing?

Options

  • ATime and materials contract
  • BMaster service agreement
  • CFixed-price contract
  • DNon-disclosure agreement

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Topics

#Contract types#Time and Materials contract#Vendor management#Procurement
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