PMP Exam Set G – Q75

You are negotiating a contract with a seller. You want to go in for a Fixed price type of contract. The seller uses a different terminology for the fixed price type of contract. He is most probably referring to it as a:

A. Cost-Plus-Fixed-Fee contract
B. A Time and material contract
C. Lump sum contract
D. Cost-Plus-Fee contract

C. Lump sum contract