Ffp Contract

Firm-Fixed-Price

Type of contract in which the buyer pays the contractor a set amount (as defined by the contract) regardless of the contractor's costs. In the fixed-price contracts, the performance risk in borne mostly by the seller, not the buyer.


Ffp Contract

Firm-Fixed-Price

Type of contract in which the buyer pays the contractor a set amount (as defined by the contract) regardless of the contractor's costs. In the fixed-price contracts, the performance risk in borne mostly by the seller, not the buyer.

Used in methodology