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QUESTION
In a quot;cost-plus-effortquot; reimbursement contract:Risk is assumed by the owner; monitoring is either low risk or done by the owne.
In a "cost-plus-effort" reimbursement contract:
a.Risk is assumed by the owner; monitoring is either low risk or done by the owne.r
b.Risk is assumed by the contractor within limits; less monitoring is done by the owner.
c.Risk is assumed by the contractor; the owner needs (and is given) stable specifications.
d.Risk is assumed by the owner; monitoring is done by the owner who knows the tasks in detail.
e.None of the above.
