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Certified Professional Contract Manager (CPCM) Practice Exam
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Question Number 5
In a Cost Plus Fixed Fee contract, how is the contractor's fee determined?
It varies with actual costs
It is a fixed amount that may vary based on contract changes
It is based on a percentage of the total allowable costs
It is determined by the buyer's discretion
✔ Correct Answer:
It is a fixed amount that may vary based on contract changes
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