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Procurement Question

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mandarapu
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Procurement Question

Postby mandarapu Thu Jul 17, 2014 7:07 pm

Your Prog Manager has asked you for help with a bid for her newest project.you want to protect your company from financial risk and you have limited scope definition.What is the BEST type of contract to choose ?.

A.Fixed price
B.Cost plus percentage of cost
C.T & M
D.CPFF

This is from page 519 in Rita.,,said right answer is D but I see right answer as C becos there is relatively less risk compared to CPFF.your coments please ?.
signor_rk
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Re: Procurement Question

Postby signor_rk Fri Jul 18, 2014 3:28 am

Option # C seems to be the right answer as the Scope definition is LIMITED , i.e, not much details are available.
Regards ,

Ranjit
sunku65
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Re: Procurement Question

Postby sunku65 Fri Jul 18, 2014 5:42 am

When in case limited scope go for Cost Reimbursable(Cost Plus Fixed Fees).

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