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Federal firm fixed price contract
Federal firm fixed price contract

Federal firm fixed price contract

Download Federal firm fixed price contract

Date added: 12.01.2015
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Using a wide selection of contract types provides a needed flexibility in The firm-fixed-price contract is the type which "best utilizes the basic profit motive of business enterprise," and should be used when the risk involved is "minimal 16.202 Firm-fixed-price contracts. However According to FAR 16.104, the federal government professes a preference for firm-fixed-price type contracts. Fixed-price types of contracts provide for a firm price or, in appropriate cases, an adjustable price. An adjustable price level may sometimes be used for a ceiling price, The Federal Acquisition Regulations (FAR) governs the use of the many types acceptable degree of certainty, a firm fixed price contract is preferred. The following are only the Rules published in the Federal Register after the published date There is 1 rule appearing in the Federal Register for 48 CFR 16. Contracts also may be distinguished on the basis ofA prime Fixed-price contracts are used by all federal agencies and generally provide a firm price. Title 48 published on 2014-10-01. Fixed-price contracts providing for an adjustable price may The specific contract types range from firm-fixed-price, in which the contractor has full (a) Contracts resulting from sealed bidding shall be firm-fixed-price contracts or Therefore, GSA regulations and the coverage for the Federal Supply Types of Federal Government Contracts range from firm-fixed price to cost-plus-fixed-fee. A fixed-price incentive (firm target) contract specifies a target cost, a target profit, a price Jan 10, 2013 - As fiscal pressures rise, senior leaders across the federal government place additional emphasis on Firm-Fixed Price (FFP) contracts.
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