The post AutoQuiz: What Type of Contract Places Primary Risk with a Supplier? first appeared on the ISA Interchange blog site.
Today’s automation industry quiz question comes from the ISA Certified Automation Professional certification program. ISA CAP certification provides a non-biased, third-party, objective assessment and confirmation of an automation professional’s skills. The CAP exam is focused on direction, definition, design, development/application, deployment, documentation, and support of systems, software, and equipment used in control systems, manufacturing information systems, systems integration, and operational consulting. Click this link for information about the CAP program. The following question comes from the CAP study guide, Performance Domain II, Definition: Identify customer requirements and complete high-level analysis of the best way to meet those requirements.
Which of the following contract types places the PRIMARY risk with the supplier?
a) cost plus
b) fixed price
c) time and material
d) unit price
e) none of the above
Source: ISA News