Business, 06.09.2021 16:30, QueenNerdy889
A project manager for a large manufacturing concern is working on a project that calls for a building to be constructed to house a new clean system manufacturing process critical to the success of the project. Construction is not a core competency of his company. His team has created a detailed procurement statement of work, which includes imposition of penalties if specific deliverables are not received. He is evaluating which contract would work the best. Which of the following is the best type of contract for this situation?
A. Fixed-price (FP)
B. Cost plus fixed fee (CPFF)
C. Cost plus incentive fee (CPIF)
D. Time and material (T&M)
Answers: 3
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