Contract type selection is dependent on the degree of risk or uncertainty facing the project manager. From the perspective of the buyer, the preferred contract type in a low-risk situation is______________
A. Firm-fixed-price
B. Fixed-price-incentive
C. Cost-plus-fixed fee
D. Cost-plus-a-percentage-of-cost
A. Firm-fixed-price
B. Fixed-price-incentive
C. Cost-plus-fixed fee
D. Cost-plus-a-percentage-of-cost