Answer:
d) Fixed Price
Step-by-step explanation:
A fixed-price contract typically solicits multiple bids from contractors and tries to allocate most, if not all, of the risk to the contractor. In a fixed-price contract, the contractor agrees to complete a specific scope of work or deliver a particular product for a predetermined price. The price remains fixed regardless of the actual costs or risks incurred by the contractor. This type of contract is commonly used when the project requirements are well-defined, and the client wants to shift the risk of cost overruns or delays to the contractor.