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PMI Certified Associate in Project Management (CAPM) CAPM Question # 157 Topic 16 Discussion

PMI Certified Associate in Project Management (CAPM) CAPM Question # 157 Topic 16 Discussion

CAPM Exam Topic 16 Question 157 Discussion:
Question #: 157
Topic #: 16

A project requires a component with well-understood specifications. Performance targets are established at the outset, and the final contract price is determined after completion of all work based on the seller's performance. The most appropriate agreement with the supplier is:


A.

Cost Plus Incentive Fee (CPIF).


B.

Fixed Price Incentive Fee (FPIF).


C.

Cost Plus Award Fee (CPAF).


D.

Fixed Price with Economic Price Adjustment (FP-EPA).


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