Cost reimbursement contracts are used when there i...

CLC 222 Module 1, 2, 3, 4, 5, 6 Exam Qs & As

Question Number 66

Cost reimbursement contracts are used when there is uncertainty in the outcome of the effort; the greatest risk is placed on the Government. Select the correct answer from the following statements:

Under a cost reimbursement contract, the contractor is reimbursed for all allowable, allocable, and reasonable cost incurred

✔ Correct Answer:

Under a cost reimbursement contract, the contractor is reimbursed for all allowable, allocable, and reasonable cost incurred

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CLC 222 Module 1, 2, 3, 4, 5, 6 Exam Qs & As

Question Number 66

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