In a ____, the Customer Agrees to Pay the Contractor

question 19

Multiple Choice

In a ____, the customer agrees to pay the contractor for all actual costs (labor, materials, and so forth) , regardless of amount, plus some agreed-upon profit.

• A) fixed price contract
• B) flat price contract
• C) BAFO contract
• D) cost reimbursement contract

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Definitions:

Fossil Index

A reference or guide based on fossil specimens used to identify geological periods or compare relative ages of rock layers.

Energy Consumption

The total amount of energy used by an individual, organization, or system within a specific period.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated by summing the value of all goods and services produced within its borders.

Ecologically Sustainable

Practices and processes designed in a manner that they keep the environment's health and resources unharmed for future generations.