Question: You are managing multiple projects for your customer, the British Government. These contracts differ in type. Types include time and materials(T&M) and cost reimbursable (CR)

You are managing multiple projects for your customer, the British Government. These contracts differ in type. Types include time and materials(T&M) and cost reimbursable (CR) contracts, as well as fixed price(FP)

contracts. The corporate accountant calls you to state that you are about to hit your PTA (point of total assumption) on one of the contracts. The accountant is talking about which contract type?

a. time and materials

b. cost plus fixed fee

c. cost plus incentive

d. fixed price incentive

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