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C › Contract, Cost-Plus-A-Fixed-Fee

COV ITRM Glossary

Contract, Cost-Plus-A-Fixed-Fee

Definition

A cost-reimbursement type contract that provides for the payment of a fixed fee to the contractor. The fixed fee, once negotiated, does not vary with the actual cost but may be adjusted as a result of any subsequent changes in the scope of work or services to be performed under the contract.


Reference:

DGS, APSPM

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