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

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).