Question $60(1$ point$)$

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$4$

Your program manager has come to you, the project manager, for help with a bid for her newest project. You want to protect your company from financial risk. You have limited scope definition. What is the BEST type of contract to choose?

$1)$ Time and material $($T&M$)$

$2)$ Cost plus fixed fee $($CPFF$)$

$3)$ Cost plus percent of cost $($CPPC$)$

$4)$ Fixed price $($FP$)$