What is the general relationship between cost certainty and pricing (434-436)?
What are the three general types of contract compensation agreements (437-438)? What is the relative level of seller's risk in each?
Explain these types of contract arrangements. When is each most/least appropriate? (438-449)
1. Fixed Price
a. Firm Fixed Price
b. Fixed Price with Economic Price Adjustment
2. Incentive Contracts (Don't dwell on the nitty-gritty of the calculations that are in the book.)
3. Cost Plus Fixed Fee
a. (Basic) Cost plus fixed fee
b. Cost plus award fee
c. Time and materials