Question

A Unit Price (UP) contract provides:

1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the 

contract progresses 

2. a reimbursement of allowable cost of services performed plus an agreed upon percentage of the

estimated cost as profit

3. the supplier with a fixed price for delivered performance plus a predetermined fee for superior 

performance 

4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the 

final price is dependent on the quantities needed to carry out the work.

Answer 1

^{4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the} 

^{final price is dependent on the quantities needed to carry out the work}