Question:

You are managing a project for an outdoor concert event scheduled for one year from today. You’re working on the procurement documents for the computer software program that will control the lighting and screen projections during the concert. You’ve decided to contract with a professional services company specializing in writing custom software programs. You want a well-defined set of deliverables for a set price with the mininal risk to the organization. The vendor will get a bonus if they complete the program at least 30 days earlier than scheduled. What contract type will you opt for?