fixed price contract
Submitted by vijayavadrevu on Mon, 05/06/2013 - 15:53
Which of the following is NOT an advantage of a fixed price contract?
A)Less work for buyer to manage
B)Seller has a strong incentive to control costs
C)Buyer knows the total price at project starts
D)Final cost may be more than a cost reimbursable contract because contractors have to add to the price to cover their risk
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crushPMP
Mon, 05/06/2013 - 15:57
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Will go with D here. A, B and
Will go with D here.
A, B and C are all advantages of the FP Contract
vijayavadrevu
Mon, 05/06/2013 - 16:01
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You are right
You are right