Definition
A cost-reimbursement contract type where the government pays allowable incurred costs plus a negotiated fixed fee (profit). The contractor has less risk than FFP since costs are reimbursed, but must have a DCAA-compliant accounting system.
Mindy translates CPFF (Cost Plus Fixed Fee) (and every other piece of acquisition-speak) inside your daily briefing — so you read opportunities, not jargon.
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