In a firm, fixed price contract, the contractor's profit is _____.

a. tied to project schedule performance
b. subject to penalties and incentives
c. negotiated separately from labor and material costs
d. incorporated into the bid


Answer: D

Trades & Technology

You might also like to view...

What is thermal radiation? How does it differ from the other forms of electromagnetic radiation?

What will be an ideal response?

Trades & Technology

Technician A says that in an electronic air suspension system with the ignition switch turned off for over 1 hour, the compressor run time is limited to 5 minutes for raise vehicle commands on the front springs. Technician B says if the brake pedal is applied when driving the car, raise vehicle commands are completed immediately. Who is correct?

A. A only B. B only C. Both A and B D. Neither A nor B

Trades & Technology

Which type system uses a one speed transfer case and a center differential with a viscous coupling?

A) Part time 4WD B) Full time 4WD C) All wheel drive D) Full time 4WD with automatic locking hubs

Trades & Technology

ASE-Style Multiple Choice ____ allows you to utilize digital pictures of vehicle damage or of a specific part with your computer estimating system.

A. Imaging software B. Service software C. Total loss software D. Salvage parts software

Trades & Technology