contract question

A contract which includes features of cost reimbursable and fixed price types of contract is:

 
  Choice 1 Fixed price plus incentive fee contract
 
  Choice 2 Cost plus award fee contract
 
  Choice 3 Time and material contract
 
  Choice 4 Cost plus fixed fee contract

I selected 4,but the correct answer is 3.

admin's picture

Question has to be more specific, this is not very well written. 

I thought cost plus fixed fee is a contract with cost reimbursable and fixed fee contract.so it should considered as option4. But afyer I checked on PMBOK
,actually . Cost plus fixed price is a type of cost reimbursable contact. Option3 is a correct answer.

I thought cost plus fixed fee is a contract with cost reimbursable and fixed fee contract.so it should considered as option4. But afyer I checked on PMBOK
,actually . Cost plus fixed price is a type of cost reimbursable contact. Option3 is a correct answer.