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You are the project manager for the Heart of Texas casual clothing company. It's introducing a new line of clothing called Black Sheep Ranch Wear?

 

You will outsource the production of this clothing line to a vendor. Your legal department has recommended you use a contract that reimburses the seller's allowable costs and builds in a bonus based on performance criteria they've outlined in their memo. Which of the following contract types will you use?

A. CPPC

B. CPIF

C. CPF

D. CPFF

 

Procurement Project Management Contracts
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/07/09
Upvote (0) Views (6) Followers (4) Answers (5) Report Question
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Usman Islam
by Usman Islam , Yard Manager , Kirtanlal Scaffolding & Formwork

Option B cost plus incentive fee

VINAY KUMAR GOSWAMI
by VINAY KUMAR GOSWAMI , Partner , 2MI

Option - B CPIF, bonus based on performance criteria is nothing but Incentive fee

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

It is B -  Cost Plus Incentive Fee appears to be the most suitable contract type in this case.

Ksenija Kancelak
by Ksenija Kancelak , Construction Project Manager , City of Koprivnica, Koprivnica (Croatia)

My opinion is that the right answer is:

B. CPIF

 

sardar mardookhy
by sardar mardookhy , PMP certified Project manager , MCCI

Option B. CPIF 

Thanks..............................

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