PMP Exam Simulator

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Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

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Procurement Management

You are managing a project that is using a time and material contract. You have been managing similar projects many times and you know that you must be involved in negotiations. Which of the following is an advantage of a time and material contract?

There is less work for the buyer to manage.

Total price is known.

Negotiations are less extensive.

The seller has a strong incentive to control costs.