Question

In _________________, the customer usually requires that throughout the project, the contractor regularly compares actual expenditures with the proposed budget and reforecasts cost at-completion, comparing it with the original proposed price.

Answer 1

Answer: Cost reimbursement contracts.

Explanation:

In this type of contract the customers most times demands that at regular time Interval and through out the duration of the project a contractor compares the real expenses with the proposed budget and estimated cost upon completion with the initial estimated price.

It is also known as cost plus contract. The contractor who handled the project are refunded every cost they incur while executing the project, this comes with additional fees.

Answer 2

Answer:

The correct answer is letter "C": cost-reimbursement contracts.

Explanation:

Cost-reimbursement contracts are those in which the contractor is provided an amount of money to cover all the expenditures allowed to perform a ob and is also provided an additional sum that represents the contractor's profit. At the end of the job, the contractor is requested to support the expenditures with bills to compare the original budget with the expenditures incurred.