If the Government Wants to Contract a Very Large Scale

question 114

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.

---

Definitions:

Beneficence

The ethical principle of acting to benefit others, promoting their well-being.

Rational Duty

A principle requiring individuals to act according to reason and logic in fulfilling their obligations or duties.

Kant

Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and aesthetics, particularly his formulation of the categorical imperative and contributions to deontological ethics.

Healthcare

The organized provision of medical care to individuals or a community, including preventive, curative, and palliative services.