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procuremen t and type of contracts

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)


 

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