Which type of contract has a fixed negotiated fee with minimal contractor responsibility?

The type of contract characterized by a fixed negotiated fee with minimal contractor responsibility is indeed the Cost-Plus-Fixed-Fee contract. In this arrangement, the contractor is reimbursed for their allowable and reasonable costs incurred while performing the work and receives an additional fixed fee as profit. This fixed fee does not vary with the actual cost of the work performed, which provides a level of predictability in terms of profit for the contractor.

This contract type shifts much of the financial risk away from the contractor since they are reimbursed for their costs, which can include labor, materials, and other allowable expenses. The contractor's responsibility is limited because they are not incentivized to keep costs down or to maximize efficiency in the same way they would be in a fixed-price contract, for example. Instead, their focus is primarily on completing the project as specified, rather than worrying about lost profits from cost overruns.

In contrast, the other contract types present different structures and expectations regarding cost management and contractor responsibilities. Firm-Fixed-Price contracts require the contractor to deliver the project at a predetermined price, imposing a greater responsibility to control costs. Cost-Plus-A-Percentage-of-a-Cost contracts provide a profit margin based on a percentage of costs, increasing the contractor's