If the Government Wants to Contract a Very Large Scale

question 96

True/False

If the government wants to contract a very large scale project with significant uncertainty about what the final cost will be; often a cost-plus contract is awarded to attract qualified contractors who may otherwise not be willing to accept the risks inherent in a guaranteed bid price.

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Definitions:

Google

A multinational technology company specializing in Internet-related services and products, including online search, advertising, and software.

Starbucks

An international coffee company and coffeehouse chain known for its specialty coffee and espresso drinks.

Start-up

A company in the early stages of its operations, often innovating in its industry or market with high growth potential.

3Com Corporation

A now-defunct computer network infrastructure company known for its products in data transmission and networking.