Home » PMI » PMP » Which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?
Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?
A. Cost Plus Fixed Fee Contract (CPFF)
B. Cost Plus Incentive Fee Contract (CPIF)
C. Firm Fixed Price Contract (FFP)
D. Fixed Price with Economic Price Adjustment Contract (FP-EPA)
Correct Answer: A
Explanation/Reference:
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