Fixed Price contracts place more risk on the?

A. buyer

B. C or D

C. owner

D. contractor

E. seller

Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/07/22

Upvote (0) Views (8) Followers (5) Answers (5) Report Question

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

The most suitable option is

B. C or D

by Nader Ali , Technical office manager , AlSafwa Contracting

My answer is D) THE CONTRACTOR

by Md Ashril Uz Zaman , Senior Manager (MEP) , MG Properties Ltd. (Mohammadi Group)

Fixed Price contracts place more risk on the predictability, higher cost, market chaning, budgeting and ability to pay

by abdeldjebar acidi , CONSTRUCTION SITE MANAGER , EIFFAGE

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

The answer is: B

When should a Time and material contract with a contractor been chosen instead of a Fixed price contract?
Top Answer: A. When project scope includes the progressive elaboration of the scope of deliverables. ... See More

Answers (1)
The proposal manager of your company approached you recently. You made some estimates on direct costs for an offer on a firm fixed price contract. ?
Top Answer: HI. I'm not clear on what the actual question is; but if it revolves around reacting to a high price, th ... See More

Answers (5)
Generally speaking an advantage of a fixed price contract is?
Top Answer: Thanks for the invite. It is B - the cost risk is lower. In FP type buyer has less cost risk. ... See More

Answers (5)
In a fixed priced contract the profit of the seller is?
Top Answer: Most of the times it is unknown, so answer is B. Unknown However in some cases it is negotiated and agre ... See More

Answers (10)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.