Question
Cost-reimbursement contracts are most appropriate for projects that a. involve risk. b. take less than one year to complete. c. are well defined and entail
Cost-reimbursement contracts are most appropriate for projects that
a. involve risk.
b. take less than one year to complete.
c. are well defined and entail little risk.
d. are with customers that want a single payment date.
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answer A INVOLVE RISK For the sake of discussion consider a contractorowner risk spectrum related to different forms of contract with a traditional lump sum contract at one end and a pure costreimburs...Get Instant Access to Expert-Tailored Solutions
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