Types of Fixed Price Contracts
{"Image DocumentName": "Types of Fixed Price Contracts", "Image ImageDescription": "Fixed Price Incentive Fee Contracts (FPIF) Similar to basic Fixed Price but with some flexibility based on performance under the contract. Financial incentives and penalties are often negotiated based on time, cost and quality. The Seller can receive additional payment if they outperform or may be subject to addition costs if they under perform. Not popular with Sellers for new products or services, or high risk procurement. Under FPIF a price ceiling is set, all costs above this are the responsibility of the Seller. Similar Buyer and Seller Risk Profiles to Fixed Price. Much more COMPLEX to negotiate and administer.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}