Get COST PLUS FIXED FEE TERM AGREEMENT. CONSULTANT AGREEMENT

A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract.

Cost-Plus-Fixed-Fee (CPFF) Contracts The cost-plus-fixed-fee (CPFF) contract is a cost- reimbursement contract that provides a payment of allowable costs plus a fixed fee. A CPFF may take one of two basic forms: completion or term. CPFF Completion Contract.

3905): (A) For experimental, developmental, or research work performed under a cost-plus-fixed-fee contract, the fee shall not exceed 15 percent of the contract's estimated cost, excluding fee.

A cost plus contract guarantees profit for the contractor. It is stated in the contract that the contractor will be reimbursed for all costs and still generate a profit. Conversely, a fixed price contract establishes a project's price beforehand.

Some advantages of a CPFF contract can include: The final cost may be lower than in a normal contract, as the contractor usually will not inflate prices to cover risks. The contractor also has less incentive to control the project costs (in contrast to other types of contracts, such as a fixed-price contract)

Some advantages of a CPFF contract can include: The final cost may be lower than in a normal contract, as the contractor usually will not inflate prices to cover risks. The contractor also has less incentive to control the project costs (in contrast to other types of contracts, such as a fixed-price contract)

Cost-Plus-Fixed-Fee (CPFF) Contracts The cost-plus-fixed-fee (CPFF) contract is a cost- reimbursement contract that provides a payment of allowable costs plus a fixed fee. A CPFF may take one of two basic forms: completion or term. CPFF Completion Contract.

The contract allows ABC to incur direct costs such as materials, labor, and costs incurred to hire subcontractors. ABC can also bill indirect, or overhead, costs, which include insurance, security, and safety. The contract states that overhead costs are billed at $50 per labor-hour.

3905): (A) For experimental, developmental, or research work performed under a cost-plus-fixed-fee contract, the fee shall not exceed 15 percent of the contract's estimated cost, excluding fee.

Cost Plus Fixed Fee (CPFF) Cost Plus Incentive Fee (CPIF) Cost Plus Award Fee (CPAF) Cost Plus Percentage of Cost (CPPC)

3905): (A) For experimental, developmental, or research work performed under a cost-plus-fixed-fee contract, the fee shall not exceed 15 percent of the contract's estimated cost, excluding fee.

Cost-Plus-Fixed-Fee (CPFF) Contracts The cost-plus-fixed-fee (CPFF) contract is a cost- reimbursement contract that provides a payment of allowable costs plus a fixed fee. A CPFF may take one of two basic forms: completion or term. CPFF Completion Contract.