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A firm contracted an event management company to conduct the annual sales day event.

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A firm contracted an event management company to conduct the annual sales day event. The agreement states that the event management company will charge the firm for the actuals and receive 8% of the total cost. What type of contract Is this?

A.

Time and material (T8M)

B.

Fixed price incentive fee (FPIF)

C.

Cost plus fixed fee (CPFF)

D.

Cost plus award fee (CPAF)

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