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In a contract, the point of total assumption refers to the point where?

 

A. The customer will incur no further costs for the work the contractor performs in the completion of the contract.

B. The schedule and cost variance are zero.

C. The customer incurs the total financial responsibility for each additional dollar spent.

D. The contractor incurs the total financial responsibility for each dollar spent.

E. Both1) The contractor incurs the total financial responsibility for each dollar spent

, and2) The customer will incur no further costs for the work the contractor performs in the completion of the contract..

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/02/18
Abdul Rehman
by Abdul Rehman , Electrical Engineer , Tamdeed Projects

Thank you for the invitation. my answer is E

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

In my opinion  - Option  E   --------------

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

Out of the given , option D is appropriate choice & thanks for the invite.

In reality PTA refers to " the amount above which seller bears all the loss of cost overrun " .

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