In a fixed-price-incentive-fee contract, the point of total assumption refers to the point in the project cost
Question:
In a fixed-price-incentive-fee contract, the “point of total assumption” refers to the point in the project cost curve where:
A. The customer assumes responsibility for every additional dollar that is spent in fulfillment of the contract.
B. The contractor assumes responsibility for every additional dollar that is spent in fulfillment of the contract.
C. The price ceiling is reached after the contractor recovers the target profit.
D. None of the above
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Project Management A Systems Approach To Planning Scheduling And Controlling
ISBN: 9781119805373
13th Edition
Authors: Harold Kerzner
Question Posted: