When writing payment terms in your fixed-price subcontracts it is especially important to______________

DWQA QuestionsCategory: PMI >> PMP v.2When writing payment terms in your fixed-price subcontracts it is especially important to______________
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When writing payment terms in your fixed-price subcontracts it is especially important to______________

When writing payment terms in your fixed-price subcontracts it is especially important to______________A buyer under a fixed-price contract should pay a seller for work delivered rather than time expended. Linking payment with progress ensures that the seller will focus on results and not on effort expended.

Include incentives if the seller exceeds or fails below defined objectives

Provide flexibility to redirect the seller if the scope of work is not defined precisely confusion

Link progress made to compensation paid

Associate the payment to a specific time period for more efficient accounting

Correct Answer

The Correct Answer for this Question is

Link progress made to compensation paid