fixed price incentive contract

fixed price incentive contract

A fixed price type of contract with provision for the adjustment of profit and price by a formula based on the relationship that final negotiated total cost bears to negotiated target cost as adjusted by approved changes.
References in periodicals archive ?
The contracting officers are authorized to assess a penalty if a contractor claims an expressly unallowable cost in either the final indirect cost rate proposal or the final statement of costs incurred or estimated to be incurred under a fixed price incentive contract.
In these cases the program manager will conduct a business case that includes rationale for why a cost or fixed price incentive contract was not an appropriate contracting vehicle.
These contractors were awarded the A-12 Full Scale Engineering Development (FSED) contract, which was an incrementally funded fixed price incentive contract.
United States that research performed pursuant to a fixed price incentive contract with the federal government was not funded for purposes of the research tax credit.
The dispute before the Court of Federal Claims related to research credits claimed by Fairchild in connection with a fixed price incentive contract to build a next generation trainer aircraft for the Air Force.
The second describes Fairchild's fixed price incentive contract with the Air Force and the applicable Defense Acquisition Regulations.
Categories: Bid Protest, Construction contracts, Contract award protests, Contract negotiations, Cost analysis, Evaluation criteria, Fixed price incentive contracts, Prices and pricing, Small business, Solicitations, Source selection, Technical proposal evaluation