Your project stakeholders have a low tolerance to risk so you want to award a fixed-price contract to a contractor. However, you also want to give the contractor some flexibility and you want to provide incentives for excellent performance. Which type of contract should you choose?

Cost Plus Incentive Fee Contract (CPIF)

Cost Plus Fixed Fee Contract (CPFF)

Fixed Price Incentive Fee Contract (FPIF)

Firm Fixed Price Contract (FFP)