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Allowable costs of contract performance are reimbursed, but not fee is paid is the advantage of cost reimbursement contract type.
Suggested Answer: A
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37 comments · newest first
RO
Rolland
10 months ago
Sounds right, but I thought fees were sometimes included?
HO
Horace
10 months ago
Totally agree, it's a key feature!
JO
Josphine
10 months ago
That's true, no fee is paid.
RE
Reid
10 months ago
Wait, are you sure about that?
JU
Junita
10 months ago
Yep, reimbursement only, no extra fees!
CA
Casie
11 months ago
I believe the answer is true. I recall that in these contracts, the contractor gets reimbursed for costs, but the fee is separate and not guaranteed.
MI
Micaela
11 months ago
I’m a bit confused. I thought cost reimbursement contracts included some sort of fee, but now I’m not so sure.
JO
Johnetta
11 months ago
I remember practicing a question like this, and I think it was about how these contracts work. I feel like they do reimburse costs but not necessarily provide a fee.
AL
Alaine
11 months ago
I think this statement is true because cost reimbursement contracts typically cover allowable costs, but I’m not entirely sure about the fee part.
DA
Dalene
12 months ago
I'm confident I can figure this out. Cost reimbursement contracts are a topic I'm familiar with.
LA
Lashaunda
12 months ago
I've got a strategy for this. I'll focus on the core concepts of cost reimbursement contracts.
MI
Micaela
12 months ago
Okay, let me break this down. I think the key is understanding the difference between allowable costs and fee.
CL
Clement
1 year ago
I'm not entirely sure about this one. The wording is a bit confusing.
LI
Lilli
1 year ago
Hmm, this one seems a bit tricky. I'll need to think it through carefully.
MA
Matthew
1 year ago
Haha, this question is a real knee-slapper. The only 'advantage' here is for the contracting agency, not the contractor!
BE
Benedict
1 year ago
Wait, what? No fee? That's definitely not an advantage. This question is just trying to trick us.
SI
Silva
1 year ago
Yeah, it's important to read the fine print in contracts.
LE
Lenita
1 year ago
I agree, it does seem like a trick question.
RE
Remona
1 year ago
B) False
DI
Dick
1 year ago
A) True
JA
Jaclyn
1 year ago
I'm going to have to go with False on this one. Reimbursing costs without a fee doesn't sound like an advantage at all.
TH
Thea
1 year ago
B) False
EL
Eladia
1 year ago
I agree, reimbursing costs without a fee doesn't seem like an advantage.
SA
Salley
1 year ago
A) True
GA
Gayla
1 year ago
Hmm, I don't know about that. If the costs are reimbursed, that seems like a pretty good advantage to me, even without a fee.
LE
Lenny
1 year ago
Can you explain why you think it's false?
LI
Linette
1 year ago
I disagree, I believe the statement is false.
LA
Latia
2 years ago
I'm pretty sure the answer is False. No fee means no profit, so that can't be an advantage of a cost reimbursement contract.
EA
Earleen
1 year ago
False
LA
Lamonica
1 year ago
I agree, it doesn't make sense for there to be no fee as an advantage.
WY
Wynell
1 year ago
B) False
EL
Eleni
1 year ago
A) True
YO
Yolande
1 year ago
False
AL
Alton
1 year ago
I agree, no fee means no profit, so it must be False.
RO
Rozella
1 year ago
B) False
ER
Erick
1 year ago
A) True
LE
Lenny
2 years ago
I think the statement is true.