Question: 14. You arc considering using a fixed-price (FP) contract, because you have well-defined requirements for your construction project. With your requirements and your understanding of
14. You arc considering using a fixed-price (FP) contract, because you have well-defined requirements for your construction project. With your requirements and your understanding of the seller's competition, you are confident you will be able to establish a complete statement of work. 1he fee or profit in this type of contract is: - --
A. Unknown B. Part of the negotiation involved in paying every invoice C. Applied as a line item to every invoice D. Determined with the other party at the end of the project
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