Which is the least preferred contract type because it places the greatest risk on the government?

Answer 1

T&M

Time and Material (T&M ) contracts are used for acquiring supplies or services on the basis of direct labor

hours at specified fixed hourly rates that include wages, overhead, general and administrative expenses,

and profit; and materials at cost.

They may be used only when it is not possible at the time of placing the contract to estimate accurately

the ex tent or duration of the work or to anticipate costs with any reasonable degree of confidence.

Because it places the most risk on the Government, T&M is the least preferred contract type.

Answer 2

Well, friend, the cost-plus-fixed-fee contract is often the least preferred type because it places the most risk on the government. In this contract, the government pays the contractor for all allowed expenses, plus a fixed fee typically based on a percentage of the initial estimated project costs. This can sometimes lead to higher overall costs for the government if the project expenses exceed the initial estimates.

Answer 3

cost requirements.

Answer 4

Fixed price

Answer 5

fixed price