Cost-plus fee (CPF) contract

Cost-plus fee (CPF) contract

A type of cost reimbursable contract where the buyer reimburses the seller for the seller's allowable costs for performing the contract work, and seller also receives a fee calculated as an agreed upon percentage of the costs. The fee varies with the actual cost.

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Part of Speech: noun
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Industry/Domain: Business services
Category: Project management
Company: WSDOT
Product:
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