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  3. 28. in a fixed price contract, the fee or profit i

28. In a fixed price contract, the fee or profit is: A. Unknown B. Part of the...

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General Management

28. In a fixed price contract, the fee or profit is:
A. Unknown
B. Part of the negotiation involved in paying every invoice
C. Applied as line item to every invoice
D. Determined with the other party at the end of the project

29. All of the following are generally part of the contractdocuments except.
1. Proposal
2. Scope of work
3. Terms and conditions
4. Negotiation process

Answer & Explanation Solved by verified expert
4.1 Ratings (708 Votes)
A fixedprice contract is a type of contract where the payment amount does not depend on resources used or time expended This is opposed to a costplus contract which is intended to cover the costs with additional    See Answer
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