You are managing a software development project with a well-defined scope and clear requirements. The project is expected to proceed without significant changes. Which type of contract is most appropriate for this situation?
Fixed Price
Cost Plus
Time and Material
Unit Price
A Fixed Price contract is most appropriate in this situation. Fixed Price contracts are ideal when the project's scope and requirements are clearly defined and unlikely to change. This contract type sets a predetermined price for the entire project, providing cost certainty. The contractor assumes the risk of any cost overruns, making it suitable for projects with minimal risk of scope changes.
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
All Information Technology Package plans include the following perks and exams.
Our pricing is simple. Full access to all certifications and exams in each package, for one price.
As many practice tests for as many topics as you want.
Use study mode non-stop, no limits.
Access to our AI assistant, Bash, trained to help you pass your exam.
Track your scores over time in study mode and report cards.
See how you improve over time, and where you need to focus.
Access our store with even bigger discounts than before.
Unlimited access to all performance questions and be prepared for the real thing.
All Information Technology Package plans include unlimited access to the following study materials.
Create an account or sign in to access our study materials.