Price increases under conditions specified in the contract

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Reference no: EM132199829

1. Which one of the following types of contracts provides for potential price increases under conditions specified in the contract? A. Time and materials B. Cost-plus a fixed fee C. Cost-plus an incentive fee D. Fixed price with economic price adjustments E. None of the above

2. Your work on the Tacoma Narrows Bridge case provided illustrations of many facets of project procurement management and procurement risk mitigation. Which of these procurements proved to be the most disruptive to the project? A. Wind tunnel study procurement B. Human resources procurement C. Barge services procurement D. Road deck procurement.

3. Procurement Manager Daisy works for a US Government agency, and acknowledges that there are some “unknowns” in her procurement statement of work and specifications. Which contract type does federal law prohibit Daisy from using for her procurement? A. Time and Materials. B. Cost-Plus-Percentage of Cost Fee C. Fixed-Price Incentive. D. Cost-Reimbursable.

Reference no: EM132199829

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