Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project?

 For a firm fixed price contract, payment for risk _ .

 A.1) Is accomplished by paying the contractor for his costs plus a fixed fee (profit) and2)Is an undisclosed contingency in the contractor's bid.

B. Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.

C. Is an undisclosed contingency in the contractor's bid.

D. Is accomplished by paying the actual costs to the contractor.

 

user-image
Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/12/02
Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

C. Is an undisclosed contingency in the contractor's bid.

يوسف دمدوم
by يوسف دمدوم , مهندس و مسير , مقاولة اشغال البناء

Thank you for the invitation

I agree the option B

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.