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RCDD-001 · Question #171

Which is NOT a type of contract?

The correct answer is D. Mediation panel assigns a fair price based on work completed. See the full explanation below for the reasoning.

Question

Which is NOT a type of contract?

Options

  • AContractor submits a fixed price for the SOW
  • BContractor is reimbursed for actual costs plus a fee
  • CUnit price is used because the SOW cannot be determined prior to bid
  • DMediation panel assigns a fair price based on work completed

How the community answered

(32 responses)
  • A
    19% (6)
  • B
    3% (1)
  • C
    6% (2)
  • D
    72% (23)

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Full RCDD-001 Practice