Asked by
Jamie Portier
on Oct 19, 2024Verified
In a _____, the service provider is allowed an adjustment for economic changes that affect costs such as changes in currency values or inflation.
A) cost reimbursable contract with a percentage fee
B) fixed price with price adjustment contract
C) fixed price with incentive fee contract
D) firm-fixed-price contract
E) cost reimbursable contract with a fixed fee
Price Adjustment Contract
A contractual agreement that allows for changes in the price based on certain conditions or indices, often used to account for inflation or cost increases.
Economic Changes
Adjustments or shifts in the conditions of an economy, affecting factors like prices, jobs, and wealth distribution.
Currency Values
The worth of different forms of money in terms of one another, impacting international trade and economics.
- Acquire knowledge about the various contract types used in projects and how they influence project management activities.
Verified Answer
GL
Learning Objectives
- Acquire knowledge about the various contract types used in projects and how they influence project management activities.