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The contractual agreement under fixed price contracts

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15. The contractual agreement under Fixed Price Contracts, which influences the Plan Procurement project andgives the buyer and seller some flexibility in that it allows for deviation from performance, with financialincentives tied to achieving agreed upon metrics is called(a) Fixed Price Incentive Fee Contracts (FPIF)(b) Fixed Price with Economic Price Adjustment Contracts (FP- EPA)(c) Firm Fixed Price Contracts (FFP)(d) Fixed Assets Price (FAP)
16. The contractual agreement under Cost-reimbursable Contracts, which influences the Plan Procurementproject and where if the final costs are less or greater than the original estimated costs, then both the buyerand seller share costs from the departures based upon a pre-negotiated cost sharing formula, is called
17. The contractual agreement under Cost-reimbursable Contracts, which influences the Plan Procurementproject and where the seller is reimbursed for all the legitimate costs, but the majority of the fee is earned onlybased in the satisfaction of certain broad subjective performance criteria defined and incorporated into thecontract is calledBSBPMG518: Manage Project ProcurementTask 1Marc Mendoza
18. The component of the project management plan that describes how a project team will acquire goods andservices from outside the performing organization is called
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Term
One
Professor
asdsad
Tags
Management, Project Management, Cost plus contract, project procurement management, Plan Procurement

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