Which of the following statements represents a fixed price incentive fee (FPIF) contract?
A. Pay $1,000,000.
B. Pay $1,000,000 plus $10,000 for every designated incremental quality level reached.
C. Pay all the costs plus a $10,000 fee.
D. Pay the costs plus $10,000 for every month the project is finished earlier than June 14.
Answer: B. Pay $1,000,000 plus 10,000 for every designated incremental quality level reached.
Business
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