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ISC2 Exam ISSMP Topic 3 Question 22 Discussion
Actual exam question for
ISC2's
Information Systems Security Management Professional exam
Question #: 22
Topic #: 3
[All Information Systems Security Management Professional Questions]
Topic #: 3
In which of the following contract types, the seller is reimbursed for all allowable costs for performing the contract work and receives a fixed fee payment which is calculated as a percentage of the initial estimated project costs?
Suggested Answer:
B
The Cost Plus Fixed Fee Contract (CPFF) is a type of contract where seller receives a fixed fee payment calculated as a percentage of the initial estimated project costs. Fee is paid only for the complete work and it does not change due to the performance of the seller. In the CPFF
contract, the seller is reimbursed for all allowable costs for performing the contract work.
Answer options D, A, and C are incorrect. The description does not match with these types of contracts.
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