Contract types and recurring requirements ppt video for Cost plus contract example
{"Image DocumentName": "CPFF -Cost Plus Fixed Fee", "Image ImageDescription": "Cost reimbursement contract that provides for payment of allowable, allocable, reasonable costs & a negotiated fee that is fixed at inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes to the work to be performed. Contractor has minimum incentive to control costs. It is costly to administer. Contractor must have an adequate accounting system. Least preferred type of contract because the contractor assumes no financial risk for the performance of the contract. Used only with negotiated procurements.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}