Question: Contract Forms Select the appropriate number (contract type 1, 2, 3, or 4) for each situation. A. When a contractor is required to deliver a

Contract Forms Select the appropriate number (contract type 1, 2, 3, or 4) for each situation.

A. When a contractor is required to deliver a definitive end product the contract is known as a ________________________________________ contract.

B. If a contract specifies a level of effort that must be performed over a period of time and is based on skill sets and person hours the contract is known as a ___________________________________________________ contract.

C. The final contract when agreed upon and signed is known as the __________________ contract.

D. If work must begin before the contract has been through the complete approval and acceptance process to avoid late acquisition of resources or to avoid potential environmental problems a _____________________________ contract may be approved to allow work to begin while the formal approval process continues.

1.Definitive 2.Term 3.Completion 4.Letter contract or letter of intent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related MegaProject Management Questions!