The _____ Contract Is Generally Used in Plant and Equipment

question 91

Multiple Choice

The _____ contract is generally used in plant and equipment maintenance agreements, where the supplier cannot determine accurate costs prior to the repair service.

• A)fixed-price with redetermination
• B)firm fixed price
• C)cost-sharing
• D)time and materials
• E)cost plus fixed-fee

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Definitions:

Anger

A strong feeling of annoyance, displeasure, or hostility triggered by perceived wrongs.

Shock

A sudden and often negative emotional or physical reaction to an unexpected event.

Endings Phase

The final stage of a process or relationship, where closure or conclusion occurs.

Completion

The act of finishing a task or bringing it to an end.