Seems like the below question has been a part of previous forums as well, but we do not have a clear answer for it. In a couple of previous forums, it was mentioned that this is not a good question. Kindly suggest.
What similarity exists between” cost-reimbursable” and “time and material” types of contract?
- a. They have no definitive end.
b. The closure date is part of the contract.
c. Both recommend fixing the cost upfront.
d. In both buyer pay, the actual expense occurred by the seller.
Answer: The right answer mentioned is "a". Shouldn't the answer to this question be "d" since in both cost re-imbursable and T&M, it is the buyer who is responsible to pay the actual expenses incurred by the seller?