In a \"cost-plus-effort\" reimbursement contract: Risk is assumed by the owner;
ID: 336049 • Letter: I
Question
In a "cost-plus-effort" reimbursement contract:
Risk is assumed by the owner; monitoring is either low risk or done by the owne.r
Risk is assumed by the contractor within limits; less monitoring is done by the owner.
Risk is assumed by the contractor; the owner needs (and is given) stable specifications.
Risk is assumed by the owner; monitoring is done by the owner who knows the tasks in detail.
None of the above.
a.Risk is assumed by the owner; monitoring is either low risk or done by the owne.r
b.Risk is assumed by the contractor within limits; less monitoring is done by the owner.
c.Risk is assumed by the contractor; the owner needs (and is given) stable specifications.
d.Risk is assumed by the owner; monitoring is done by the owner who knows the tasks in detail.
e.None of the above.
Explanation / Answer
a reimbursement typeof contract is the oine in whcih the contracting party gets reimbursed.
the answer is
Risk is assumed by the contractor within limits; less monitoring is done by the owner.