Firm Fixed Price definition

Firm Fixed Price means a single fixed amount or amounts designated as payment for a Deliverable or Deliverables.
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Firm Fixed Price has the meaning set forth in Article 4.1.
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Firm Fixed Price or “FFP” means the fixed amount the Judicial Council will pay the Contractor to compensate the Contractor for all of the following:
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Examples of Firm Fixed Price in a sentence

  • The types of TOs that are authorized for use under this Multiple Award ID/IQ vehicle are Firm Fixed Price (FFP) with reimbursable line items for Other Direct Cost, Time and Material (T&M), and/or Labor Hour (LH).

  • NUMERIC 25.2 BK 60 Contract Category Code CO = Cost; CF = Cost Plus Fixed Fee; CA = Cost Plus Award Fee; CI = Cost Plus Incentive Fee FP = Firm Fixed Price; FPAF - Fixed Price Award Fee; FPIF = Fixed Price Incentive Fee; LH = Labor Hour; PR = Products.

  • Firm Fixed Price (FFP) orders are preferred as stated in FAR 8.405-3(c)(3), the Government may place FFP or T&M/LH task orders.

  • Firm Fixed Price (FFP) and Time & Material/Labor Hour (T&M/LH) task orders with a not to exceed (NTE) ceiling can be issued under this multiple award BPA as performance management support services are required on specific projects.

  • In this case, fair and reasonable pricing determination may be based on competition amongst Firm Fixed Price quotes (rather than the FTR).


More Definitions of Firm Fixed Price

Firm Fixed Price means a price that is all-inclusive of direct cost and indirect costs, including, but not limited to, direct labor costs, overhead, fee or profit, clerical support, equipment, materials, supplies, managerial (administrative) support, all documents, reports, forms, travel, reproduction, and any other costs. No additional fees or costs shall be paid by the State unless there is a change in the scope of work.
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Firm Fixed Price means a price that is all-inclusive of direct costs and indirect costs, including, but not limited to, direct labor costs, overhead, fee or profit, clerical support, equipment, materials, supplies, managerial (administrative) support, all documents, reports, forms, travel, reproduction and any other allowable costs.
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Firm Fixed Price is the amount(s) set forth in Article 4.
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Firm Fixed Price means a price that is not subject to adjustment on the basis of the Contractor’s cost experience in performing the Contract.
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Firm Fixed Price or “FFP” means the firm fixed price applicable to a Space-Based Network as set forth in Article 4, as applicable. References to “the Firm Fixed Price” mean MSV 1 SBN FFP, MSV 2 SBN FFP and/or MSV-SA FFP as applicable given the context.
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Firm Fixed Price or “FFP” means the firm fixed price applicable to the Deliverable Items as set forth in Article 4.1.
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Firm Fixed Price or “Lump Sum” mean that the Work shall be performed for the price stated in the Agreement without any adjustment based on the Contractor's actual costs unless such adjustment is made by a properly executed Agreement Change or Modification.
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