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 "FPIF"
Fixed Price Incentive Fee
A fixed price contract with a formula that shares cost overruns and underruns between the government and the contractor up to a ceiling price.
When you see it
On production programs, mostly in DoD.
Do you need it
Understand the share ratio and the point of total assumption before signing.
Where it comes from
FAR 16.403.
Fixed Price Incentive Fee
A fixed price contract with a formula that shares cost overruns and underruns between the government and the contractor up to a ceiling price.
When you see it
On production programs, mostly in DoD.
Do you need it
Understand the share ratio and the point of total assumption before signing.
Where it comes from
FAR 16.403.
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