Question: You have received a proposal for an RFP that was sent to vendors. One of the vendors has proposed doing the project for $12,500. The

You have received a proposal for an RFP that was sent to vendors.

One of the vendors has proposed doing the project for $12,500. The cost for the project is $10,000, and their profit will be $2,500. Which type of contract is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change?

A. Cost Plus Fixed Fee B. Cost Plus Percentage of Cost C. * Fixed price D. Cost Plus Incentive Fee

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