Project Management Professional (PMP) Exam Practice – Question0165

Which type of contract is a hybrid of both a cost-reimbursable and a fixed-price contract?


A.
Cost Plus Award Fee Contract (CPAF)
B. Firm-Fixed -Price Contract (FFP)
C. Time and Material Contract (T&M)
D. Cost Plus Incentive Fee Contract (CPIF)

Correct Answer: C