What would best describe this type of contract? While managing a - ProProfs Discuss
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What would best describe this type of contract? While managing a project, you decide to contract to an external enterprise. You enter into a contract where you pay the external enterprise a set amount (as defined by the contract), irrespective of the seller's costs.



A. Fixed Price (FP)
B. Firm Fixed Price (FFP)
C. Lump-Sum (LS)
D. Fixed-price-Incentive-fee (FPIF)

This question is part of Full Length PMP Simulation Test 2
Asked by Agilep, Last updated: Apr 01, 2020

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agilep

Agilep

Answered Mar 18, 2018

Firm Fixed Price (FFP)

B - This is an example of a Firm- Fixed Price project.
 

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