A firm fixed price (FFP)contract is an agreement to pay a price that varies depending on when the items (services)specified by the contract have been delivered (completed)and accepted.
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Q11: FPEPA is not similar to an FFP
Q12: Under a CPIF arrangement,an incentive applies over
Q13: Contract schedule risk is the risk associated
Q14: FPEPA is an FFP contract that includes
Q15: FPEPA contracts are used to recognize economic
Q17: The target cost is the best-case scenario
Q18: Common types of FFP contracts are: firm
Q19: FPEPA contracts are used to recognize hidden
Q20: The target profit is an amount considered
Q21: A supplier that is under an FFP
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