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  • contract categories

    There are two broad categories: fixed price contracts and cost-reimbursement contracts. The specific contract types range from Firm-Fixed-Price (FFP), in which the contractor has full responsibility for the performance cost and the resulting profit (loss), to Cost Plus Fixed-Fee (CPFF), in which the contractor has minimal responsibility for the performance cost and the negotiated fee is fixed. In between are various incentive contracts, in which the contractor's responsibility for the performance cost and the profit or fee incentives offered are tailored to the uncertainties involved in contract performance.

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