Most cost risk for seller - as the seller’s effort increases, the project cost remains constant, but the seller’s profit continues to fall Three sub types: Firm Fixed Price (FFP) A type of fixed price contract where the buyer pays the seller a set amount (as defined by the contract)...
CM-4-3 Contract Types FIXED-PRICE FAMILY FIRM FIXED-PRICE (FFP) FIXED-PRICE WITH ECONOMIC PRICE ..
onProductionContractTypeVariedCPFFCPIF,FPIFCPIF,FPIF,FFPFFP,FPIF,FPEPAFFP,FPIF,FPEPA7FactorsinSelectingContractTypes•Normally,pricecompetitionresultsinrealisticpricingPriceCompetitionPriceAnalysis•IntheabsenceofpricecompetitionorpriceanalysisCostAnalysis•Withorwithoutcompetition,mayprovideselectionbasisFAR16.1048...
Task order types: Cost-plus-fixed-fee (CPFF); Cost-plus-award-fee (CPAF); Cost plus incentive (CPI); Firm-fixed-price (FFP); Firm fixed price award fee (FFPAF); Fixed price incentive (FPI); Time and materials (T&M); and Labor hour (LH). Base period: 06/08/2016 to 06/07/2021...