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The contract in which the seller is reimbursed for all allowable costs for performing the...

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The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:

A.

Cost Plus Incentive Fee Contract (CPIF).

B.

Cost Plus Fixed Fee Contract (CPFF).

C.

Fixed Price Incentive Fee Contract (FPIF).

D.

Time and Material Contract (T&M).

PMI PMI-100 View All Questions

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  • Vendor: PMI
  • Product: PMI-100
  • Update on: Jul 25, 2025
  • Questions: 704
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TESTED 31 Jul 2025