Question: Ruth is working on procurement management process. She was involved in plan procurement management. She is working on the cost-reimbursable contract. In this type of
Ruth is working on procurement management process. She was involved in plan procurement management. She is working on the cost-reimbursable contract. In this type of contract, the seller is reimbursed with all the allowable costs to perform the contract work and receive a fixed-fees payment calculated as a percentage of the initial estimated project costs. The fees which is used in cost-plus contracts to encourage the seller to increase the performance of the work is known as?
A. Fixed fees.
B. Economic price adjustment fees.
C. Incentive fees.
D. Award fees.
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