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Firm Fixed Price (FFP) Contract - AcqNotes
A Firm-Fixed-Price (FFP) (FAR Subpart 16.2) contract provides for a price that is not subject to any adjustment based on the contractor’s cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss.Subpart 16.2 - Fixed-Price Contracts - Acquisition.GOV
Fixed Price Incentive Firm Target (FPIF) Contract Type
Pursuant to DFARS 216.403-1 and DFARS PGI 216.403-1, contracting officers are encouraged to evaluate an increased use of the Fixed Price Incentive Firm Target (FPIF) contract type. The FPIF contract type offers contractors a …
Fixed price contracts: Ultimate guide with templates
Sep 6, 2023 · A fixed price contract (sometimes called a fixed rate contract, fixed fee contract, firm fixed price contract, or FFP contract) is an agreement with a predetermined cost. The buyer and seller agree on a fixed price agreement …
Firm Fixed Price Contract: Everything You Need to Know
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