Procurement Qn

 You are about to contract out a project to a service provider. However at the time of awarding the contract, you are not sure of the total effort involved. Which of the following would best suit your purpose?

  1. Cost-Plus-Fixed-Fee (CPFF)

  2. Time & Material (T&M)

  3. Fixed Price (FP)

  4. Cost-Plus-Incentive-Fee (CPIF)

crushPMP's picture

 Had I got this question in the exam - I would have gone with B. But since this made it up her on the forum - I'll have to go with D :-)

B is given as right ans.

 Crush, pls share the link of discussion. Thanks

service provider , i think B

 B