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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 ajoutée par Muhammad Farooq , QA-QC Manager , AL Bawani Contracting Co
Date de publication: 2018/05/30
Sandip Kumar Mondal MONDAL
par 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
par Mohammed Qaisar I PMP I MCIPS I MBA , Group Procurement Manager (Civil) , Al Ghurair Construction LLC

It must be cost reimbursable...

Mohammed Mohtasim Ali
par 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.

Utilisateur supprimé
par Utilisateur supprimé

Cost reimbursable is the equivalent.

Paulina Corrales
par Paulina Corrales , Subcontracting Specialist , Bacao SAS

The applicable contract type is Cost Reimbusable

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

Answer is Cost Reimbursable 

Sultan Kurdi
par Sultan Kurdi , محاسب عام , اسواق النجمة

 E. Fixed price plus incentive fee

Florina Preda
par 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
par Muhammad Farooq , QA-QC Manager , AL Bawani Contracting Co

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

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