A firm contracted an event management company to conduct the annual sales day event. The agreement 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?
A . Time and material (T&M)
B . Fixed price incentive fee (FPIF)
C . Cost plus fixed fee (CPFF)
D . Cost plus award fee (CPAF)
Answer: C