What type of information does a purchaser obtain from a vendor under Cost-Reimbursement?

In a cost-reimbursement contract, a purchaser receives full disclosure of costs incurred by the vendor, which includes both direct costs (such as labor and materials) and indirect costs (overhead expenses and other administrative costs). This comprehensive financial information is crucial for the purchaser to ensure that all costs related to the project are transparent and accounted for.

Such contracts require vendors to provide detailed breakdowns of expenditures, allowing the purchaser to monitor expenses effectively and ensure that the project stays within budget. By having access to this complete financial data, the purchaser can also negotiate adjustments, manage risks, and ensure accountability throughout the duration of the project.

The other choices do not capture the detailed nature of information provided in a cost-reimbursement arrangement, focusing instead on limited or generalized data that would not meet the transparency and accountability standards required in such contracts.