In a Cost Reimbursable Contract, _____

question 20

Multiple Choice

In a cost reimbursable contract, _____.

• A) the contract usually details the quality of the goods or services, the timing needed to support the project, and the cost of delivering goods or service
• B) the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit
• C) the contract provides an incentive for performing on the project above the established baseline in the contract
• D) the contractor assumes the risks for unexpected increases in labor and materials that are needed to provide the service or materials and in the quantity of time and materials needed
• E) developing a clear scope of work, creating a list of highly qualified bidders, and developing a clear contract is critical