Question: Advanced Contract Types 1. List the guidelines for selecting an appropriate contract type. 2. What is an Undefinitized Contract Action (UCA)? 3. When may a

Advanced Contract Types

1. List the guidelines for selecting an appropriate contract type.

2. What is an Undefinitized Contract Action (UCA)?

3. When may a UCA be used?

4. What are some concerns with UCA’s?

5. What is an incentive contract?

6. List the types of incentive contracts and discuss how the price is calculated for each one.

7. What are the limitations with the use of incentive contracts?

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