What is not listed as Cost-Plus Contracts?
- A. The contractor with the lowest bid agrees to perform all work specified in the contract at a fixed price
- B. The contractor is reimbursed for all direct allowable costs (materials, labor, travel) plus an additional prior-negotiated fee (set as a percentage of the total costs) to cover overhead and profit
- C. Risk to client is in relying on the contractor’s best efforts to contain costs
- D. Controls on contractors
Answer: Option A