Question: 1. 1.a.) Sometimes bad contractors can get awards by making poor estimates A. Cost plus fee B. Firm fixed price 1.b.) Contractors must be knowledgeable

1.

1.a.) Sometimes bad contractors can get awards by making poor estimates

A. Cost plus fee

B. Firm fixed price

1.b.) Contractors must be knowledgeable of costs in the marketplace

A. Cost plus fee

B. Firm fixed price

1.c.) Customer must pay all the contractor's allowable costs

A. Firm fixed price

B. Cost plus fee

1.d.) When a project is completed, which of the following must be true?

A. BAC=Estimated cost to complete (ETC)

B. ACWP=BCWP

C. BAC=ACWP

D. SV=0

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