Posted by: Pdfprep
Post Date: October 26, 2020
A project manager needs to request outside support for a statement of work (SOW) that is not precise.
Which kind of contract does the project manager need to create?
A . Time and material (T&M)
B . Cost plus fixed fee (CPFF)
C . Fixed price
D . Cost plus award fee (CPAF)
Answer: A
Explanation:
T&M contracts are often used for staff augmentation, acquisition of experts and any outside support when a precise statement of work is not quickly prescribed.
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