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You are the project manager for the Heart of Texas casual clothing company. It's introducing a new line of clothing called Black Sheep Ranch Wear?

 

You will outsource the production of this clothing line to a vendor. Your legal department has recommended you use a contract that reimburses the seller's allowable costs and builds in a bonus based on performance criteria they've outlined in their memo. Which of the following contract types will you use?

A. CPPC

B. CPIF

C. CPF

D. CPFF

 

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/07/09
Usman Islam
by Usman Islam , Logistics And Warehouse Manager , Kirtanlal Scaffolding & Formwork

Option B cost plus incentive fee

VINAY KUMAR GOSWAMI
by VINAY KUMAR GOSWAMI , Partner , 2MI

Option - B CPIF, bonus based on performance criteria is nothing but Incentive fee

Krishna   KHASANIS  PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

It is B -  Cost Plus Incentive Fee appears to be the most suitable contract type in this case.

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

My opinion is that the right answer is:

B. CPIF

 

sardar mardookhy
by sardar mardookhy , Head of portfolio management department , MCI

Option B. CPIF 

Thanks..............................