Supply Chain Management Professional (SCMP) · Question
Which type of contract is most appropriate when the scope of work is highly uncertain and detailed specifications cannot be clearly defined at the outset?
Time and materials contracts are suitable for uncertain scopes, as they allow payment for actual hours worked and materials used.
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Question: Which type of contract is most appropriate when the scope of work is highly uncertain and detailed specifications cannot be clearly defined at the outset?
Answer options:
- Fixed-price contract
- Cost-plus-fixed-fee contract ✅ Time and materials contract
- Incentive contract
Correct answer: Time and materials contract
Explanation: Time and materials contracts are suitable for uncertain scopes, as they allow payment for actual hours worked and materials used.
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