PMI Exam Questions

The contract in which the seller is reimbursed for all allowable costs for performing the contract w

The contract in which the seller is reimbursed for all allowable costs for performing the contract
work and then receives a fee based upon achieving certain performance objectives is called a:

A.
Cost Plus Incentive Fee Contract (CPIF).

B.
Cost Plus Fixed Fee Contract (CPFF).

C.
Fixed Price Incentive Fee Contract (FPIF).

D.
Time and Material Contract (T&M).