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People Experiencing the Phi Effect Would Likely Report

question 92

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People experiencing the phi effect would likely report


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.

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