You, the life-cycle logistician, are working with your product support manager integrated Product Support to decide on the Product Support Strategy for a subsystem. The contract has been identified as a firm fixed price contract. Some members on the team are considering Time and Material product support contracting strategy. What is your response to the team? Select the to that apply?

1. T&M acquisition strategy is identified in the DoD 5000.02 as the preferred contracting strategy so this would be the best strategy.
2. The contract type for a T&M contract is typically some form of cost plus structure so this is not a viable strategy
3. Time and Materials contracts cannot be fixed -price so this not a viable strategy
4. Most T&M contracts are fixed price so this would be the best strategy