GovCon Acronym Decoder
Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.
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1 of 172 terms matching "CPFF"
Cost Plus Fixed Fee
The government reimburses your allowable costs and pays a fixed fee that does not change with actual cost. Used for research and other uncertain work.
When you see it
On R&D, engineering studies, and high-uncertainty programs.
Do you need it
Cost-reimbursement work requires an accounting system determined adequate by DCAA. Do not chase it before you are ready.
Where it comes from
FAR 16.306.
Related terms
Cost Plus Fixed Fee
The government reimburses your allowable costs and pays a fixed fee that does not change with actual cost. Used for research and other uncertain work.
When you see it
On R&D, engineering studies, and high-uncertainty programs.
Do you need it
Cost-reimbursement work requires an accounting system determined adequate by DCAA. Do not chase it before you are ready.
Where it comes from
FAR 16.306.
Related terms
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