The Bottom Line Represents the Best Possible Outcome Short of a Strike

question 6

True/False

The bottom line represents the best possible outcome short of a strike for the union.

---

Definitions:

Award Fee

A financial incentive provided beyond the base contract price, based on a contractor’s performance in meeting or exceeding specified criteria.

Goals

Specific outcomes or achievements toward which efforts are directed in a project or activity.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals that are set to guide effort and evaluate progress.

Fixed Unit Price Contract

A contract type where the price for each unit of work is agreed upon before the work begins, regardless of the total cost.