Question: 37. A main control panel for an air traffic control tower just failed. Cause of failure is unknown so it is difficult to determine how

37. A main control panel for an air traffic control tower just failed. Cause of failure is unknown so it is difficult to determine how to fix it and what type of trades personnel (electricians, carpenters) are needed to fix it. What type of contract is best for this situation?

Time and Materials

Firm-fixed price with Incentives

Firm-fixed price

Firm-fixed price with Escalation Clause

38. The rock group, Van Halen, always added no brown M&Ms in all their contracts with event sites like Bryce Jordan Center. Why?

The contract depicted how intensive negotiations can be such that even the color of M&Ms are spelled out in the contract language

This language was inserted into the contract to make sure the other party in the transaction was reading all the details of the contract

The brown M&Ms have a shorter shelf life and become stale over time. Van Halen knew this from their travels.

Brown M&Ms were not available world-wide and Van Halen travelled globally

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