A firm contracted an event management company to conduct the annual sales day event. The agreement states that the event management company will charge the firm for the actuals and receive 8% of the total cost. What type of contract Is this?

Question

Henry Hendricks · Accepted Answer

Cost plus fixed fee (CPFF)

Henry Hendricks · Answer

Time and material (T8M)

Henry Hendricks · Answer

Fixed price incentive fee (FPIF)

Henry Hendricks · Answer

Cost plus award fee (CPAF)

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Suggested answer: C

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