(Answered) Your organization has a requirement to upgrade the

Management Studies

Your organization has a requirement to upgrade the electrical wiring in a previously unused aircraft hangar as part of a base renovation program. The scope considers labor and material for the effort. Assume that you have solicited an electrical contractor to perform the re-wiring task. Electrical diagrams are not available, and the subcontractor will have to submit an estimate without a detailed Statement of Work. Your market research indicates fluctuation in conditions, and capabilities to do this type of effort. What is the most appropriate contract type to use for this effort?

a. Firm Fixed Price

b. Fixed Price Level of Effort

c. Fixed Price Incentive Fee

d. Cost Plus

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