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.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; often discussed as a critical element of self-governance and personal freedom.

Competence

The ability of an individual to effectively perform or carry out a specific task or role to the expected standard or beyond.

Relatedness

A psychological need that involves connecting with others and feeling a sense of belonging or attachment.

Autonomy

The capacity to make an informed, uncoerced decision; often used in the context of individuals' control over their own actions and decisions.