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Sab9_140_Contract Types
- Fixed price ; Precio Fijo (FP)
- Fixed Price(FP, or Lump Sum, Firm Fixed Price) ;
Precio fijo (FP o cantidad fija, precio fijo cerrado)
- Means that you are going to pay one amount regardless of how much it costs the contractor to do
the work. A fixed-price contract only makes sense in cases where the scope is very well known.
- Means that you are going to pay one amount regardless of how much it costs the contractor to do
the work. A fixed-price contract only makes sense in cases where the scope is very well known.
- Fixed Price Incentive Fee (FPIF); Precio fijo
más honorarios con incentivos (FPIF)
- Means that you are going to pay a fixed price for the contract and give a bonus based on some
performance goal. You might set up a contract where the team gets a $50,000 bonus if they manage
to deliver an acceptable product before the contracted date. If the fixed-price contract does not
include a fee, it’s often referred to as a firm fixed-price (FFP) contract.
- Means that you are going to pay a fixed price for the contract and give a bonus based on some
performance goal. You might set up a contract where the team gets a $50,000 bonus if they manage
to deliver an acceptable product before the contracted date. If the fixed-price contract does not
include a fee, it’s often referred to as a firm fixed-price (FFP) contract.
- Fixed Price Award Fee ( FPAF); Precio fijo más
honorarios por cumplimiento de objetivos (FPAF)
- In a FPAF contract, the buyer pays a fixed price plus an award amount (a bonus) based on
performance. This is very similar to the FPIF contract, except the total possible award amount is
determined in advance and apportioned based on performance.
- In a FPAF contract, the buyer pays a fixed price plus an award amount (a bonus) based on
performance. This is very similar to the FPIF contract, except the total possible award amount is
determined in advance and apportioned based on performance.
- Fixed Price Economic Price Adjusment ; Precio fijo con
ajuste económico de precio (FPEPA)
- If a contract will cover a multiyear period, there may be uncertainties about future economic
conditions. Future costs of supplies and equipment the seller might be required to provide under
contract might not be predictable
- If a contract will cover a multiyear period, there may be uncertainties about future economic
conditions. Future costs of supplies and equipment the seller might be required to provide under
contract might not be predictable
- Purchase Order ;Orden de compra
- This is the simplest type of fixed-price contract. This type of contract is normally unilateral(signed by
one party) instead of bilateral(signed by both parties).
- This is the simplest type of fixed-price contract. This type of contract is normally unilateral(signed by
one party) instead of bilateral(signed by both parties).
- Fixed Price(FP, or Lump Sum, Firm Fixed Price) ;
Precio fijo (FP o cantidad fija, precio fijo cerrado)
- Time and Material or Unit Price; Tiempo
y Materiales (T&M) o precio unitario
- is used in labor contracts. It means that you will pay a rate for each of the people
working on your project plus their materials costs. The “time” part means that the
buyer pays a fixed rate for labor—usually a certain number of dollars per hour.
And the “materials” part means that the buyer also pays for materials,
equipment, office space, administrative overhead costs, and anything else that
has to be paid for. The seller typically purchases those things and bills the buyer
for them. This is a really good contract to use if you don’t know exactly how long
your contract will last, because it protects both the buyer and seller.
- is used in labor contracts. It means that you will pay a rate for each of the people
working on your project plus their materials costs. The “time” part means that the
buyer pays a fixed rate for labor—usually a certain number of dollars per hour.
And the “materials” part means that the buyer also pays for materials,
equipment, office space, administrative overhead costs, and anything else that
has to be paid for. The seller typically purchases those things and bills the buyer
for them. This is a really good contract to use if you don’t know exactly how long
your contract will last, because it protects both the buyer and seller.
- Cost_Reimbursable(CR); Costos Reembolsables
- Cost Contract ; Contrato de costos
- A cost contract is one in wich the seller receives no fee(profit). It is appropriate for work performed
by nonprofit organizations.
- A cost contract is one in wich the seller receives no fee(profit). It is appropriate for work performed
by nonprofit organizations.
- Cost Plus Fee (CPF) or Cost Plus Percentage of Cost (CPPC); Costo
más honorarios (CPF) o costo más porcentaje de costos (CPPC)
- A CPF or CPPC contract requires the buyer to pay for all costs plus a percentage of costs as a fee. This
type of cost-reimbursable contract is generally not allowed for US federal acquisitions or
procurements under federal adquisition regulations and is bad for buyers everywhere.
- A CPF or CPPC contract requires the buyer to pay for all costs plus a percentage of costs as a fee. This
type of cost-reimbursable contract is generally not allowed for US federal acquisitions or
procurements under federal adquisition regulations and is bad for buyers everywhere.
- Cost Plus Fixed Fee( CPFF) ; Costo más honorarios fijos (CPFF)
- Means what it says. You pay the seller back for the costs involved in doing
the work, plus you agree to an amount that you will pay on top of that.
- Means what it says. You pay the seller back for the costs involved in doing
the work, plus you agree to an amount that you will pay on top of that.
- Cost Plus Incentive Fee ( CPIF); Costo más honorarios con
incentivos (CPIF)
- Means you’ll reimburse costs on the project and pay a fee if some performance goals
are met. Kate could set up her project using this contract type by suggesting that the
team will get a $50,000 bonus if they keep the average wait time for the calls down to
seven minutes per customer for over a month. If she were on a CPIF contract, she
would pay the team their costs for doing the work, and also the $50,000 bonus when
they met that goal.
- Means you’ll reimburse costs on the project and pay a fee if some performance goals
are met. Kate could set up her project using this contract type by suggesting that the
team will get a $50,000 bonus if they keep the average wait time for the calls down to
seven minutes per customer for over a month. If she were on a CPIF contract, she
would pay the team their costs for doing the work, and also the $50,000 bonus when
they met that goal.
- Costo más honorarios por cumplimiento de objetivos
(CPAF); Cost Plus Award Fee(CPAF)
- is similar to the CPFF contract, except that instead of paying a fee on top of
the costs, you agree to pay a fee based on the buyer’s evaluation of the seller’s
performance.
- is similar to the CPFF contract, except that instead of paying a fee on top of
the costs, you agree to pay a fee based on the buyer’s evaluation of the seller’s
performance.
- Cost Contract ; Contrato de costos
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