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Which of the following types of contracts is equivalent to a cost plus contract: ?

A. Fixed firm price B. Cost reimbursable C. progress payments D. All of the other alternatives apply. E. Fixed price plus incentive fee

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2018/05/30
Sandip Kumar Mondal MONDAL
by Sandip Kumar Mondal MONDAL , Deputy General Manager , Larsen & Toubro Limited

B. Cost reimbursable like

  • Cost-plus-incentive-fee;
  • Cost-plus-award-fee; and
  • Cost-plus-fixed-fee.

Mohammed Qaisar I PMP I MCIPS I MBA
by Mohammed Qaisar I PMP I MCIPS I MBA , Group Procurement Manager (Civil) , Al Ghurair Construction LLC

It must be cost reimbursable...

Mohammed Mohtasim Ali
by Mohammed Mohtasim Ali , Sr. Quantity Surveyor , Trust Cost Project Management Services

A CP Contract is nothing but Cost Reimbursement Contract, is a contract where a contractor is payable for all valid expenses as per the contract, and profit.Cost-reimbursement contracts is opposite to fixed-price contract, in which the contractor is allowed to pay negotiated amount regardless of incurred expenses.

Cost reimbursable is the equivalent.

Paulina Corrales
by Paulina Corrales , Subcontracting Specialist , Bacao SAS

The applicable contract type is Cost Reimbusable

Abdullah Muhammad
by Abdullah Muhammad , Civil Engineer , Royal Marvelous Swimming Pools and Landscaping L.L.C

Answer is Cost Reimbursable 

Sultan Kurdi
by Sultan Kurdi , محاسب عام , اسواق النجمة

 E. Fixed price plus incentive fee

Florina Preda
by Florina Preda , Management Consultant, Project Manager , Independent

None of the mentioned options is applicable. 

A cost plust contract is a contract where the incurred costs are reimbursed plus an additional fee for the profit. 

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

B. Cost reimbursable -----------------

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