Which of the following contract types is described in the statement below? “The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated as a percentage for the initial estimated project costs.”

Last Updated on August 7, 2021 by Admin 1

Which of the following contract types is described in the statement below?

“The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated as a percentage for the initial estimated project costs.”

  • Fixed Price Incentive Fee Contracts (FPIF)
  • Cost Plus Fixed Fee Contracts (CPFF)
  • Cost Plus Incentive Fee Contracts (CPIF)
  • Firm Fixed Price Contracts (FFP)

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