Home > Terms > English, UK (UE) > Fixed-price-incentive-fee (FPIF) contract
Fixed-price-incentive-fee (FPIF) contract
A type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets defined performance criteria.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
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