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Which of the following types of contracts is equivalent to a cost plus contract: ?

A. Fixed firm price B. Cost reimbursable C. progress payments D. All of the other alternatives apply. E. Fixed price plus incentive fee

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Question added by Muhammad Farooq , QA-QC Manager , AL Bawani Contracting Co
Date Posted: 2018/05/30
Sandip Kumar Mondal MONDAL
by Sandip Kumar Mondal MONDAL , Deputy General Manager , Larsen & Toubro Limited

B. Cost reimbursable like

  • Cost-plus-incentive-fee;
  • Cost-plus-award-fee; and
  • Cost-plus-fixed-fee.

Mohammed Qaisar I PMP I MCIPS I MBA
by Mohammed Qaisar I PMP I MCIPS I MBA , Group Procurement Manager (Civil) , Al Ghurair Construction LLC

It must be cost reimbursable...

Mohammed Mohtasim Ali
by Mohammed Mohtasim Ali , Sr. Quantity Surveyor , Trust Cost Project Management Services

A CP Contract is nothing but Cost Reimbursement Contract, is a contract where a contractor is payable for all valid expenses as per the contract, and profit.Cost-reimbursement contracts is opposite to fixed-price contract, in which the contractor is allowed to pay negotiated amount regardless of incurred expenses.

Deleted user
by Deleted user

Cost reimbursable is the equivalent.

Paulina Corrales
by Paulina Corrales , Subcontracting Specialist , Bacao SAS

The applicable contract type is Cost Reimbusable

Abdullah Muhammad
by Abdullah Muhammad , Civil Engineer , Royal Marvelous Swimming Pools and Landscaping L.L.C

Answer is Cost Reimbursable 

Sultan Kurdi
by Sultan Kurdi , محاسب عام , اسواق النجمة

 E. Fixed price plus incentive fee

Florina Preda
by Florina Preda , Management Consultant, Project Manager , Independent

None of the mentioned options is applicable. 

A cost plust contract is a contract where the incurred costs are reimbursed plus an additional fee for the profit. 

Muhammad Farooq
by Muhammad Farooq , QA-QC Manager , AL Bawani Contracting Co

B. Cost reimbursable -----------------

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