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FIXED PRICE
SELLER BEARS ALL RISK
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FFP
FIRM FIXED PRICE (MOST COMMON, SELLER COVERS ANY COST INCREASE,)
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FPIF
FIXED PRICE PLUS INCENTIVE FEE (INCLUDES ANY EXTRA PERFORMANCE BONUS)
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FP-EPA
FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT (USED ON LONG TERM PROJECTS, BUYER COVERS INFLATION COST); COST-PLUS (BUYER ASSUMES SOME RISK)
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CPPC
COST PLUS PERCENTAGE OF COST (SELLER REIMBURSED FOR COST, PLUS A % COMMISSION)
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CPFF
COST PLUS FIXED FEE (SELLER REIMBURSED FOR COST, PLUS A FIXED $ COMMISSION)
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CPIF
COST PLUS INCENTIVE FEE (SELLER REIMBURSED FOR COST, PLUS AN EXTRA PERFORMANCE BONUS)
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CPAF
COST PLUS AWARD FEE (SELLER REIMBURSED FOR COST, PLUA AN EXTRA PERFORMANCE BONUS)
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T&M
TIME AND MATERIALS (HYBRID, MODERATE RISK TO BUYER, OFTEN USED FOR STAFF AUGMENTATION AND CONSULTANTS)
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