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Question 96 - CISSP-ISSMP discussion

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Rick is the project manager for TTM project. He is in the process of procuring services from vendors. He makes a contract with a vendor in which he precisely specify the services to be procured, and any changes to the procurement specification will increase the costs to the buyer. Which type of contract is this?

A.
Firm Fixed Price
Answers
A.
Firm Fixed Price
B.
Fixed Price Incentive Fee
Answers
B.
Fixed Price Incentive Fee
C.
Cost Plus Fixed Fee Contract
Answers
C.
Cost Plus Fixed Fee Contract
D.
Fixed Price with Economic Price Adjustment
Answers
D.
Fixed Price with Economic Price Adjustment
Suggested answer: A
asked 18/09/2024
Andy Mahoney
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