Question
the buyer agrees to pay the seller $300k for the delivery of 1000 bullet proof vests by june 30. If the seller delivers half the
the buyer agrees to pay the seller $300k for the delivery of 1000 bullet proof vests by june 30. If the seller delivers half the vests 30 days early, the buyer will pay the seller an additional $25k. What type of contract have they entered into?
Fixed price incentive fee
cost plust incentive fee
cost plus award fee
firm fixed price
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Text Cases And Materials On Criminal Law
Authors: Stuart Macdonald
2nd Edition
1292219920, 978-1292219929
