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Which is the least preferred contract type because it places the greatest risk on the government?
Wiki User
∙ 13y ago
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.
David DuMo
Larissa Thompson
Khalid Waters
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because the englass is very good
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because the englass is very good
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