A cost-plus fee may include:

Question 25 options:

1) Cost of material plus an additional fee for overhead and profit

2) A guaranteed maximum price (GMP)

3) Incentives for early completion

4) All of the above

A unit price contract is used when:

Question 26 options:

1)	Extent of work cannot be fully determined or where actual quantities cannot be accurately calculated in advance.

2)	Extent of work is known, but the Owner desires a unit cost for portions of the work.

3)	It is anticipated that bidders will not examine soil-bearing reports prior to submitting bids.

4)	Bidding quantities of equipment.

It is easier to use the negotiated contract delivery method on:

Question 28 options:

1)	Publicly funded projects

2)	Privately funded projects

3)	Both 1st and 2nd choices

4)	Neither 1st nor 2nd