The Fixed Price Contract _____

question 52

Multiple Choice

The fixed price contract _____.

• A) requires developing a clear scope of work based on good information, creating a list of highly qualified bidders, and developing a clear contract that reflects that scope of work
• B) will create lower total project costs than other forms of contracts when there are changes on the fixed price contract
• C) requires the availability of at least one or more suppliers that have the qualifications and performance history that assures the needs of the project can be met
• D) are not very effective in managing project costs.
• E) offers a predictable cost for commodities and goods and services where the scope of work is very uncertain and likely to change

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