The contractual agreement under fixed price contracts

15. The contractual agreement under Fixed Price Contracts, which influences the Plan Procurement project and
gives the buyer and seller some flexibility in that it allows for deviation from performance, with financial
incentives 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 Procurement
project and where if the final costs are less or greater than the original estimated costs, then both the buyer
and 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 Procurement
project and where the seller is reimbursed for all the legitimate costs, but the majority of the fee is earned only
based in the satisfaction of certain broad subjective performance criteria defined and incorporated into the
contract is called
BSBPMG518: Manage Project Procurement Task 1 Marc Mendoza

18. The component of the project management plan that describes how a project team will acquire goods and
services from outside the performing organization is called
