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In which of the following types of contracts is it most important for the contractor to maintain control of cost, schedule and scope changes?

 

A. Cost plus incentive fee

B. Cost plus incentive fee and firm fixed price

C. Firm fixed price

D. cost plus fixed fee

E. unit price

 

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/02/03
hisham abu dagga
by hisham abu dagga , Project Manager / مدير مشاريع , مؤسسة عبدالكريم العواض للمقاولات

 

Thank you for the invitation

 I agree with  answer C Firm Fixed Price

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

Thank you for your invitation. My answer is option C. firm fixed price.

Krishna   KHASANIS  PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Of course it is C - firm fixed price contract & thanks for the invite.

Ashraf ELBasyouni
by Ashraf ELBasyouni , PMO DIRECTOR , Hydro for Environmental and Infrastructure Studies

it is in C firm fixed price

Mohamed Kamal
by Mohamed Kamal , Cost Control Manager , China State Construction Engineering Corporation Ltd. (Egypt)

(C) Fixed price (Lump sum) as he the contractor have all the risks of the contract on his side.

Nadeem Asghar
by Nadeem Asghar , Supply Chain Consultant/Trainer , Independent Practitioner

I would also go for option C.

Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

C. Firm Fixed Price..............................................

Nader Roshani
by Nader Roshani , Revenue Manager , Rightel

Item C. Firm Fixed Price....

Amir Younis
by Amir Younis , Senior Electrical Engineer , Saudi Oger LTD

Option C. Firm Fixed Price

Mathisuthan Paramsothinathan BSc Hons QS  MRICS MCIOB
by Mathisuthan Paramsothinathan BSc Hons QS MRICS MCIOB , Quantity Surveyor , AtkinsRealis

Firm fixed price, becuase the contracor takes the full responsibility of the subject work to complete within the agreed contract price, unless Client change the scope of work.

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