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In general, the more autonomic functions are found in the _______, and the more complex functions are found in the _______.
Cost Reimbursable Contract
A type of contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.
Time And Material Contracts
A contractual arrangement that pays for labor at a fixed hourly rate and materials at cost.
Project Risk
Potential problems or uncertainties that could impact the successful completion, quality, or timeline of a project.
Day Rate Basis
A method of compensation where payment is made based on a daily rate rather than on the completion of tasks.
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