93 The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project. For a firm fixed price contract, payment for risk _____ .A. Is accomplished by paying the actual costs to the contractor.B. Is accomplished by paying the contractor for his costs plus a fixed fee (profit).C. Is an undisclosed contingency in the contractor's bid.D. Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.E. B and C
93 The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project. For a firm fixed price contract, payment for risk _____ .
A. Is accomplished by paying the actual costs to the contractor.
B. Is accomplished by paying the contractor for his costs plus a fixed fee (profit).
C. Is an undisclosed contingency in the contractor's bid.
D. Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.
E. B and C
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