Answer:
the options are missing:
- a) Cost-plus Fee
- b) Time and Material
- c) Fixed Price
- d) Fixed cost-plus profit
the answer is: c) Fixed Price
Step-by-step explanation:
Cost-plus Fee contract involves a contractor being paid its building costs plus a certain fee or profit. Doesn't apply here because the price if fixed.
Time and Material
s contract are similar to cost-plus fee since the contractor is paid for labor and materials costs plus a margin during the time required to finish the construction.
Fixed cost-plus profit contract includes a bonus for good performance, which generally results from finishing early.