Types of Contract

Quiz
•
Professional Development
•
4th Grade
•
Hard
Afghanistan Center
Used 8+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to build a new school in Bamyan, the scope is well-defined, and the project manager wants to ensure that the costs remain within the allocated budget. The contractor has extensive experience in similar projects. Which type of contract should the project manager use?
Fixed price incentive fee
Firm fixed price
Cost plus fixed fee
Time and material cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a project to develop an advanced water filtration system in Ghor, the project manager wants to incentivize the contractor to complete the project ahead of schedule and under budget. There is a clear scope of work and well-defined performance targets. Which type of contract should the project manager use?
Fixed price plus economic cost adjustment
Firm fixed price
Cost plus award fee
Fixed price incentive fee
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to conduct research on renewable energy sources in Helmand, the exact scope of work is not clearly defined, and there is a high level of uncertainty regarding the project's duration and resources required. The project manager wants to ensure that the contractor is compensated for all allowable costs incurred plus a fixed fee. Which type of contract should the project manager use?
Firm fixed price
Fixed price award fee
Cost plus fixed fee
Time and material cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to develop a new public transportation system in Parwan, the project manager wants to reward the contractor for achieving specific performance related to safety and efficiency, beyond just completing the work on time and within budget. Which type of contract should the project manager use?
Cost plus incentive fee
Firm fixed price
Fixed price award fee
Time and material cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a project to design and implement a sophisticated IT system for a government agency in Badakhshan, the project manager wants to provide incentives for the contractor to control costs and meet performance criteria, while covering all allowable costs. Which type of contract should the project manager use?
Fixed price incentive fee
Firm fixed price
Cost plus incentive fee
Fixed price award fee
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to refurbish a historic building in Kapisa, the exact amount of work required is uncertain, and the project manager anticipates that changes will be needed as work progresses. The project manager needs flexibility in the contract to pay for actual time and materials used. Which type of contract should the project manager use?
Fixed price plus economic price adjustment
Cost plus fixed fee
Firm fixed price
Time and material cost
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a long-term project to supply medical equipment to hospitals across Afghanistan, the project manager is concerned about potential fluctuations in material costs due to economic conditions. The contract needs to allow for adjustments to the price based on changes in economic indices. Which type of contract should the project manager use?
Firm fixed price
Fixed price plus economic price adjustment
Fixed price incentive fee
Cost plus award fee
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