You are the project manager at a financial services company. Your company has awarded a CPFF (cost plus fixed fee) contract to XYZ Corp, a financial consulting company, to develop a comprehensive workstation offering real-time advanced charting, decision support tools, and portfolio management. The terms and conditions of the contract explicitly stipulate that XY Corp must provide weekly status reports and performance reports regarding the project work. However, the seller has failed to provide any status report for the past 3 weeks.
Which of the following is the BEST action to take?
A. Half payments until the missing status reports are prepared
B. Issue a change order
C. Issue a letter of default
D. Issue a stop work order to XYZ Corp, until the missing status reports are prepared
E. Alert the management team
|
Download Printable PDF. VALID exam to help you PASS. |
 |