These contracts are mainly used when the scope of the work cannot be defined up front and a seller is hired and works until the project/problem is completed.
A) Time and material
B) Cost-reimbursable
C) Fixed price
D) Iterative

Question

Quizplus · Accepted Answer

Time and material contracts are the best choice when the scope of work cannot be defined up front, as the price is based on the amount of time and materials actually used during the project. This type of contract allows for greater flexibility and accommodates changes in the project scope, making it ideal for projects with uncertain or changing requirements.

These Contracts Are Mainly Used When the Scope of the Work