Supply Chain Management Professional (SCMP) · Question
Which type of contract is most suitable when the scope of work is highly uncertain and requires flexibility?
Cost-plus contracts are ideal when the scope is unclear, as they reimburse the contractor for costs incurred plus an agreed-upon fee, allowing for flexibility.
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Question: Which type of contract is most suitable when the scope of work is highly uncertain and requires flexibility?
Answer options:
- Fixed-price contract ✅ Cost-plus contract
- Lump-sum contract
- Unit-price contract
Correct answer: Cost-plus contract
Explanation: Cost-plus contracts are ideal when the scope is unclear, as they reimburse the contractor for costs incurred plus an agreed-upon fee, allowing for flexibility.
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