Glossary Content

OPERATING STATUS

FULLY OPERATIONAL

cost reimbursement contracts
In general, a category of contracts whose use is based on payment by the government to a contractor of allowable costs as prescribed by the contract. Normally only “best efforts” of the contractor are involved, such as cost, cost sharing, Cost Plus Fixed Fee (CPFF), Cost Plus Incentive Fee (CPIF), and Cost Plus Award Fee (CPAF) contracts.
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cost reimbursement contracts