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متابعة

Which of the following contract types has the highest risk to the contractor?

 

A. Time and material (T&M)

B. Firm fixed price (FFP)

C. Firm fixed price (FFP)and Time and material (T&M)

D. Cost plus incentive fee (CPIF)

E. Cost plus fixed fee (CPFF)

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تم إضافة السؤال من قبل Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
تاريخ النشر: 2016/07/15
Moosa Rawoot
من قبل Moosa Rawoot , HR Officer , Petroleum Coke Industries Co.

A Firm Fixed Price Contract (FFP):  Once the contract is signed, the contractor is legally bound to complete the task within the agreed amount of money or time. Since the contractor has to complete the task within a fixed amount, he bears the risks. Any cost increase due to bad performance of the Contractor will be the responsibility of the Contractor.

Sambit Mohanty
من قبل Sambit Mohanty , Senior Planning Engineer , Tristar Engineering and Construction LLC

Firm Fixed Price has the highest risk to the contractor. The contractor is under the maximum uncertainty.

Dave Diamon
من قبل Dave Diamon , Contracts Manager , Upon Request

FFP. Moosa's answer is correct and very complete. 

Ksenija Kancelak
من قبل Ksenija Kancelak , Construction Project Manager , City of Koprivnica, Koprivnica (Croatia)

I think that the right answer is:

B. Firm fixed price (FFP)

 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

D & E, because, it is highly uncertain to ascertain the labor hours, material requriements, period etc., necessary to perform the contract. If the costs or anything non forecasted or not considered, the cost of the contract graph will be steeply increase.

Carlos Hernandez
من قبل Carlos Hernandez , Document Controller , China Camc Engineering Co Ltd

There is a combination of two options, since Option B (FFP) is not enough dangerous if the the option E (CPFF) doesn´t exist in the project.

المزيد من الأسئلة المماثلة