Rick is the project manager for TTM project. He is in the process of procuring services from
vendors. He makes a contract with a vendor in which he precisely specify the services to be
procured, and any changes to the procurement specification will increase the costs to the buyer.
Which type of contract is this?
A.
Firm Fixed Price
B.
Fixed Price Incentive Fee
C.
Cost Plus Fixed Fee Contract
D.
Fixed Price with Economic Price Adjustment