Question: ABC has signed a contract with XYZ, a civil engineering firm for the construction of a hospital infrastructure. One of the clauses in the contract

ABC has signed a contract with XYZ, a civil engineering firm for the construction of a hospital infrastructure. One of the clauses in the contract states that, should XYZ exceed the key performance indicators pertaining to the cost, schedule, scope of work, resource optimization and quality standards of the project by 80%, the company shall then be issued an amount of USD 100,000/- for exceeding the key performance indicators. This type of contract is a

Firm Fixed Price Contract

Lump Sum Contract

Fixed Price with Incentive Contract

Fixed Price with Award Contract

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