Sunday, December 6, 2009

What is an Incentive Contract?

An Incentive Contract is such that the fee is structured on the basis of the contractor meeting targets int he performance of the contract.

Incentive Contracts:
  • motivate contractor efforts that might not otherwise be emphasized
  • discourage contractor inefficiency and waste

Incentive Contracts incentivize efficiency.

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Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)