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Which type of contract requires that the buyer keeps the tightest labor/material cost control?

 

A. Cost Plus Percentage of Costs

B. Firm Fixed Price Plus Incentive

C. Cost Plus Fixed Fee

D. Firm Fixed Price

E. Cost Plus Incentive Fee

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Question ajoutée par Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date de publication: 2016/07/16
Mohamed Helal
par Mohamed Helal , Project Manager , GROUP CONSULT INTERNATIONAL

 

A. Cost Plus Percentage of Costs

Abdul Rehman
par Abdul Rehman , Electrical Engineer , Tamdeed Projects

My answer to this question is option A

Sattar Abdulkarim  Mohamed
par Sattar Abdulkarim Mohamed , Country Sales Director , Ideal Technical Solutions

Thanks for your invitation. It is the cost plus the percentage of costs.

Muhammad Farooq
par Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

The most suitable option is

A. Cost Plus Percentage of Costs

Ahilan R
par Ahilan R , Scientific Assistant-D , Nuclear Power Corporation of India Ltd (NPCIL)

Answe is  A. Cost Plus Percentage of Costs...................

Abu Bakar Siddique
par Abu Bakar Siddique , Procurement / Purchase Executive , Younone sports shoes Ind. LTD.

B. Firm Fixed Price Plus Incentive

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

My opinion is that the answer is C

Terrence Walmsley
par Terrence Walmsley , Owner , The Awesome Group of Companies

A service level agreement (SLA) will provide an understanding between the supplier and customer on the agreed outputs and costs. This in essence provides the 'benchmark' levels for the labour and material costs. The aim from this point for the service provide, is to maximise efficiencies for the supplier business by continually measuring and analysing the systems again the benchmarks and subjecting them to CI analysis.

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