Which of the following BEST describes the “point of total assumption” for a contract?

Question

A. The point in a cost-plus contract where the buyer assumes that the seller will need to be paid

B. The total cost of a T&M contract

C. The point in a fixed price contract where the seller has to assume all costs going forward

D. The total number of resources required for a contract

Imran Ahmed · Answer

Option-C. The point in a fixed price contract where the seller has to assume all costs going forward.

Since Fixed Price contract has the highest risks considering all assumptions (Scope of works)

Ghulam Farid · Answer

Yes I endorse Mr. Ahmad's response as PTA is falling under FP/ Insentive contracts

Deleted user · Answer

Don't have time go into details:

https://en.m.wikipedia.org/wiki/Point_of_total_assumption

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

The COR (Contract Office Represantative)