procuremen t and type of contracts
Submitted by y0zh on Thu, 04/04/2013 - 08:45
Forums:
While managing a project, you decide to contract to an external enterprise. You enter into a contract where you pay the external enterprise a set amount (as defined by the contract), irrespective of the seller's costs. What would best describe this type of contract?
A Fixed Price (FP)
B Firm Fixed Price (FFP)
C Lump-Sum (LS)
D Fixed-price-Incentive-fee (FPIF)
