Which of the Following Best Explains a Situation Where a Contractor

question 3

Multiple Choice

Which of the following best explains a situation where a contractor agrees to work based on a fixed sum? 

• A) Fixed sum contract. 
• B) Fixed price contract. 
• C) Contractor commitment. 
• D) Fixed profit contract.

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Definitions:

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human health and the environment through regulations and policies.

Emission Standards

Regulations that set the maximum amount of pollutants that can be released into the environment by vehicles and industrial plants.

Prior Certification

The process of obtaining a formal verification or validation of certain qualifications or standards before engaging in specific activities.

EPA

Environmental Protection Agency, a U.S. federal government agency responsible for protecting human health and the environment by writing and enforcing regulations.