WebApr 29, 2024 · Fixed-Price with Economic Price Adjustment (FP-EPA) This is the third type of fixed-price contract and is used for contracts that span multiple years. Cost-Reimbursable Contracts These contacts first reimburse the seller for all actual costs incurred and then add a fee for the seller’s profit. Web(2) When the contract contains provisions for progress payments, compute a working capital adjustment (Block 25). (3) For the purposes of assigning profit values, treat a fixed‐price contract with redetermination provisions as if it were a fixed‐price incentive contract with below normal conditions.

48 CFR § 52.216-5 - Price Redetermination - Prospective.

WebDec 14, 2024 · A fixed-price contract with price redetermination in the future provides for the following: A fixed price for the first period of contract deliveries or performance; and Prospective... WebA fixed-ceiling-price contract with retroactive price redetermination is appropriate for research and development contracts estimated at the simplified acquisition threshold or less when it is established at the outset that a fair and reasonable firm fixed price cannot be negotiated and that the amount involved and short performance period make … fish barnum

3 Types of Contracts in Facilities and Project Management

WebFixed price redetermination contracts -FFP is set for an initial contract period -A redetermination (upward or downward) occurs at a stated time during the contract FPR prospective -Occurs at a stated time during the contract -Used where a fair and reasonable price can be developed for initial periods but not subsquent periods FPR retroactive WebMar 31, 2014 · You have all the information you need for comparison in one small document. Well, small, if you consider 11 x 17 to be small. The first row across the top of the Chart lists the ten contract types to be compared (i.e., Firm-Fixed-Price (FFP), Fixed-Price Economic Price Adjustment (FPEPA), Fixed-Price Incentive Firm Target (FPIF), Fixed … WebOct 5, 1995 · (S-90) A fixed-price contract with economic price adjustment may also be used to provide for price adjustments as authorized in this section. (See DoD Class Deviation 1995-D0003, Economic Price Adjustment Clauses, issued October 5, 1995 .) 16.203-4 Contract clauses. fish barn restaurant