What of the following kinds of contracts is the actual, final cost of the project unknown...
What of the following kinds of contracts is the actual, final cost of the project unknown until after the project is completed (circle all that apply):
1. cost plus fixed fee
2. fixed price
3. cost plus incentive fee
4. none of these
Homework Answers
Answer: Option C - Cost plus incentive fee
Explanation: In the type of contract named Cost plus incentive fee contract, the total cost of a project is composed of a fixed cost and an incentive fee based on the performance. Hence the total cost is not known until the project is completed.
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What of the following kinds of contracts is the actual, final
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