Procurements Management question
An organization is considering various contract types in order to motivate sellers and to ensure preferential treatment. What should they consider before deciding to use an award fee contract?83
oPayment of an award fee would be linked to the achievement of objective performance criteria.
oAny unresolved dispute over the payment of an award fee would be subject to remedy in court.
oPayment of an award fee would be agreed upon by both the customer and the contractor.
oPayment of an award fee is decided upon by the customer based on the degree of satisfaction.
This is a question from Olivier Lehman...
As per Olivier lehamn ,answer is 4 ; howeve answer # 1 makes more sense to me ...could anyone guide me please,
what is the right answer and why ?
Thank you in davnce for your time to reply,