What is the best type of contract if you have a well-defined scope that is not...
What is the best type of contract if you have a well-defined scope that is not likely to change? Group of answer choices
Cost-reimbursable with an incentive fee
Time and materials
Firm-fixed price
Cost-reimbursable with a fixed fee
Homework Answers
Cost-reimbursable with a fixed fee
In this case, the fee amounts do not change until the scope changes and the seller is reimbursed for all allowable costs based on the contract that has been specified
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What is the best type of contract if you have a well-defined
scope that is not...
Which contract type requires the buyer to precisely specify the product or services being procured? Time...
Which contract type requires the buyer to precisely specify the product or services being procured? Time and material Cost reimbursable Fixed Price Incentive fee
Procurement Manager Daisy works for a US Government agency, and acknowledges that there are some “unknowns”...
Procurement Manager Daisy works for a US Government agency, and acknowledges that there are some “unknowns” in her procurement statement of work and specifications. Which contract type does federal law prohibit Daisy from using for her procurement? A. Time and Materials. B. Cost-Plus-Percentage of Cost Fee C. Fixed-Price Incentive. D. Cost-Reimbursable.
1 You are the project manager in an engineering project and have recently signed a contract...
1 You are the project manager in an engineering project and have recently signed a contract with a software vendor for the development of a complicated control solution. The software will be used to control machinery equipment which your project team is currently developing. The contract is a lump-sum contract. The contractor has target cost estimated which seem rather low to you. Which of the following statements is not true for this situation? a It is the contractor's risk in...
You have decided to enter into a time and materials contract with a supplier for your...
You have decided to enter into a time and materials contract with a supplier for your project. The project will require two different types of labor categories, the first which charges $200 per hour and the second which charges $175 per hour. The project requires 50 hours of the first labor category and 40 of the second. You will also purchase $5,000 of tools and equipment with no fee and $25,000 of materials with a 2% fee added on. What...
Under FAR Subpart 16.3, Cost Reimbursement Contracts are defined as a type of contract that permits...
Under FAR Subpart 16.3, Cost Reimbursement Contracts are defined as a type of contract that permits payment of allowable incurred costs, to the extent prescribed in the contract. From the e-Activity, defend or refute the reasonableness in the use of this type of contract by government agencies. Based on your position, recommend a revision that would make use of the contract more reasonable. Take a position on whether cost reimbursement contracts are necessary in government contracting to the extent they...
1. A natural monopoly has an incentive to pad its cost of production under which type...
1. A natural monopoly has an incentive to pad its cost of production under which type of regulation? Group of answer choices Profit regulation. Social regulation. Output regulation. Price regulation. 2. Government failure occurs when Group of answer choices Dealing with a natural monopoly. Public goods are present. Government intervention fails to improve economic outcomes. There is market power. 3. When firms have the ability to restrict output, raise prices, stifle competition, and inhibit innovation, the market failure involved is...
Question 11 pts An annuity is best defined as: Group of answer choices a series of...
Question 11 pts An annuity is best defined as: Group of answer choices a series of payments for a specified period of time any series of payments a series of equal payments occurring at equal time intervals for a specified number of periods a series of equal payments for a specified number of years Flag this Question Question 21 pts A perpetuity can be described as: Group of answer choices an annuity that goes on forever an annuity that lasts...
26)What pair of goods is likely to have the largest cross-price elasticity in absolute value? Multiple...
26)What pair of goods is likely to have the largest cross-price elasticity in absolute value? Multiple Choice a)Ramen noodles and a Rolex watch b)Cross-price elasticity is always negative, and simply reported in absolute value. c)Butter and margarine d)Peanut butter and jelly 27)If the price of butter increases 5 percent and the amount of margarine purchased increases 25 percent, then the cross-price elasticity of these goods is: Multiple Choice a)0.2. b)- 0.2. c)5. d)- 5. 28)The determinants of price elasticity of...
Pina Reclaimers entered into a contract with Grouper Demolition to manage the processing of recycled materials...
Pina Reclaimers entered into a contract with Grouper Demolition to manage the processing of recycled materials on Grouper various demolition projects. Services for the 3-year contract include collecting, sorting, and transporting reclaimed materials to recycling centers or contractors who will reuse them. Pina incurs selling commission costs of $2,010 to obtain the contract. Before performing the services, Pina also designs and builds receptacles and loading equipment that interfaces with Grouper demolition equipment at a cost of $27,620. These receptacles and...
A man who is blood type O and a woman who is blood type AB have...
A man who is blood type O and a woman who is blood type AB have a child that has blood type AB. What is the most likely explanation? Group of answer choices Nondisjunction in male meiosis I Nondisjunction in female meiosis I Nondisjunction in female mitosis Nondisjunction in female meiosis II Nondisjunction in male meiosis II Nondisjunction in male mitosis
Pina Reclaimers entered into a contract with Grouper Demolition to manage the processing of recycled materials on Grouper various demolition projects. Services for the 3-year contract include collecting, sorting, and transporting reclaimed materials to recycling centers or contractors who will reuse them. Pina incurs selling commission costs of $2,010 to obtain the contract. Before performing the services, Pina also designs and builds receptacles and loading equipment that interfaces with Grouper demolition equipment at a cost of $27,620. These receptacles and...
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