3370578
Description
Mind Map by Oscar De la O, updated more than 1 year ago
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Created by Oscar De la O
almost 9 years ago
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SAB7#140 Contract Types
- FP - Fixed Price
- Pay one amount regardless of how much
it costs the contractor to do the work.
- Pay one amount regardless of how much
it costs the contractor to do the work.
- FPIF - Fixed Price plus Incentive Fee
- Pay a fixed price for the contract and give a
bonus based on some performance goal.
- Pay a fixed price for the contract and give a
bonus based on some performance goal.
- FPAF - Fixed Price Award Fee
- Pay a fixed Price plus and award amount based on
performance, detemined in advance apportioned
based on performance.
- Pay a fixed Price plus and award amount based on
performance, detemined in advance apportioned
based on performance.
- FPEPA - Fixed Price Economic
Price Adjustment
- Cover a multiyear period
providing certainty.
- Cover a multiyear period
providing certainty.
- Purchase Order
- Unilateral and used for
simply commodity
procurements.
- Unilateral and used for
simply commodity
procurements.
- T&M - Time and Materials
- Pay a rate for each of the
people working on your project
plus their materials costs.
- Pay a rate for each of the
people working on your project
plus their materials costs.
- CR - Cost Reimbursable
- Provides the buyer to pay the seller allowable
incurred costs to the extent prescribed.
- Provides the buyer to pay the seller allowable
incurred costs to the extent prescribed.
- Cost Contract
- The seller receives no fee.
- The seller receives no fee.
- CPF - Cost Plus Fee
- CPPC - Cost Plus Percentage of Costs
- Requires the buyer to pay for all costs
plus a percentage of cost as a fee.
- Requires the buyer to pay for all costs
plus a percentage of cost as a fee.
- CPFF - Cost Plus Fixed Fee
- Provides for payment to the seller of actual costs plus a
negotiated fee that is fixed before the work begins.
- Provides for payment to the seller of actual costs plus a
negotiated fee that is fixed before the work begins.
- CPIF - Cost Plus Incentive Fee
- Provides for the seller to be paid for actual costs plus a fee that will be
adjusted based on whether the specific performance objectives stated
- Provides for the seller to be paid for actual costs plus a fee that will be
adjusted based on whether the specific performance objectives stated
- CPAF - Cost Plus Award Fee
- The buyer pays all costs and a base fee plus
an award amount based on perfomance.
- The buyer pays all costs and a base fee plus
an award amount based on perfomance.
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