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Which of the following is true about fixed-price contract types? Requirements of a fixed-price contract type cannot be accurately defined and performance risk is not

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Which of the following is true about fixed-price contract types? Requirements of a fixed-price contract type cannot be accurately defined and performance risk is not easily quantified or managed They are usually for routine services or efforts involving stable requirements and manageable performance risk. OOO They involve more risk for the government because the contractor bears less responsibility for completing the performance requirement. They take into account the reasonable, allowable, allocable costs that will be reimbursed, up to the total estimated amount specified in the contract. Mark for follow up >

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