Cppb exam complete stuvia - Study guides, Class notes & Summaries
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CPPB Exam Prep Complete Questions and Answers(Graded A+)
- Exam (elaborations) • 1 pages • 2024
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Cost Plus Percentage of Cost Contracts - ANSWER An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. 
 
Procurement - ANSWER Includes purchasing, contract administration, inventory, receiving and disposal. 
 
Integrit...
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CPPB Exam Prep Complete Questions and Answers(Scored A+)
- Exam (elaborations) • 1 pages • 2024
-
Available in package deal
-
- $9.99
- + learn more
Cost Plus Percentage of Cost Contracts - ANSWER An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. 
 
Procurement - ANSWER Includes purchasing, contract administration, inventory, receiving and disposal. 
 
Integrit...
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