In ____, the customer usually requires that, throughout the project, the contractor regularly compares actual expenditures with the proposed budget and reforecasts cost at-completion, comparing it with the original proposed price.
A) fixed price contracts
B) fixed agreements
C) cost reimbursement contracts
D) work agreements

Question

Quizplus · Accepted Answer

Cost reimbursement contracts require regular cost tracking and forecasting throughout the project, as the customer is responsible for reimbursing the contractor's actual costs. In contrast, fixed price contracts have a set price that does not change regardless of actual costs, and work agreements and fixed agreements do not necessarily require ongoing cost tracking and forecasting.

In ____, the Customer Usually Requires That, Throughout the Project