Week 5 (Part 1) Flashcards by Guen Elloiza De Guzman

Q

premium rate for accelerated schedule, unique qualifications, extenuating circumstances

A

value pricing

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Q

refers to 8-hr day
usually for expert witness, other legal-type services, short-term engagements involving intermittent personal services
based on complexity
reimbursed for out-of-pocket expenses

A

Per Diem

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Q

for clearly and fully defined scope and complexity
partial payments at stated intervals during service
provide compensation adjustment for uncontrollable delays
payments based on CE’s statement of percent completion to date

A

Fixed Price

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