CIP is:

Contract negotiations are NOT required when______________

What is the main purpose of project initiation?

In a project, a Cost incentive contract has been awarded to a contractor with the following parameters:
Target cost: $1,000,000 Target contractor fee: $100,000 Cost benefit sharing ratio: 80%/20% Price ceiling: $1,200,000
What is the Point of total assumption (PTA, Breakpoint) of the project?

A _____ estimate prepared from layouts, sketches and flowsheets, should be accurate within (-10, +25%).