Question: Question 54 (1 point) Pick the contract type that best fits the description This type of contract is particularly well suited to cover work whose

Question 54 (1 point) Pick the contract type that best fits the description This type of contract is particularly well suited to cover work whose scope and nature are poorly defined at the outset of operations. Lump Sum Unit-Price Cost-Plus-Fee Cost-Plus-Percentage-of-Cost Cost-Plus-Fixed-Fee Question 55 (1 point) Saved Pick the contract type that best fits the description Contract arrangements of this variety include a fee that is a fixed sum of money. Lump Sum Unit-Price Cost-Plus-Fee Cost-Plus-Percentage-of-Cost Cost-Plus-Fixed-Fee Question 56 (1 point) The "letter of intent" authorizes a contractor to start work without a formal contract with the agreement that a suitable contract will be prepared at a later date. True False

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