A seller will be paid a fixed amount for a clearly defined scope and carries most cost-overrun risk. Which contract type best matches this description?

One option

A seller will be paid a fixed amount for a clearly defined scope and carries most cost-overrun risk. Which contract type best matches this description?

Firm-fixed-price

Cost-reimbursable

Time and materials with no ceiling

Cost plus percentage of cost

A seller will be paid a fixed amount for a clearly defined scope and carries most cost-overrun risk. Which contract type best matches this description?

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