Your organization has recently been informed that several of the regulations related to how your products are manufactured will change in six months. In planning for work to change certain design and production processes, you determine you will need to work with several external organizations to help do the work. Which type of contract do you want to use if you do not have enough help to audit invoices?
1. Cost plus fixed fee
2. Fixed-price
3. Time and material
4. Fixed price incentive fee