Asked by
jewels castillo
on Oct 19, 2024
Verified
A cost plus contract with award fee is typically based on goals or objectives that are more _____.
A) subjective
B) objective
C) comparative
D) superlative
E) balanced
Award Fee
A financial incentive provided beyond the base contract price, based on a contractor’s performance in meeting or exceeding specified criteria.
Goals
Specific outcomes or achievements toward which efforts are directed in a project or activity.
Objectives
Specific, measurable, achievable, relevant, and time-bound goals that are set to guide effort and evaluate progress.
- Learn about the variety of contracts applied in projects and their significance for project management.
Verified Answer
KV
Learning Objectives
- Learn about the variety of contracts applied in projects and their significance for project management.