Cost Plus Fixed Fee definition

Cost Plus Fixed Fee. - means a payment method whereby the consultant is reimbursed actual costs on a project, plus paid a specific dollar amount for performing the work.
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Cost Plus Fixed Fee. (“CPFF”) means a method for determining compensation to the Consultant that consists of a Fixed Fee Percent and the following reimbursable cost elements: verified Labor Rates, overhead, all Other Direct Costs (lump sum and invoiced), as set forth in Exhibit B, Cost Summary.
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Examples of Cost Plus Fixed Fee in a sentence

  • NOTE: For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Miscellaneous other direct expenses up to $100 per unit will be reimbursed at cost if approved and documented in advance by the State's Project Manager.

  • For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Fixed cost items to be billed at the fixed cost rate.

  • The percentage of the total lump sum fee that represents the ratio of Work completed to the total amount of Work; Cost Plus Fixed Fee Contracts: Incurred cost of actual Work performed plus a percentage of the fixed fee that represents the ratio of Work completed to the total amount of Work; Specific Rate of Compensation Contract: Incurred cost of actual Work performed; Per Unit of Work Contract: The cost of each completed unit of Work and/or a percentage of each partially completed unit of Work.

  • Cost Plus Fixed Fee Payment Basis: Rates, within the ranges indicated, will be agreed upon for use in calculating the maximum amount not to exceed.

  • The estimate in support of the Cost Plus Fixed Fee amount is attached hereto as Exhibits “D” and “E” and by this reference made part of this AGREEMENT.

  • NOTE: For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Miscellaneous other direct expenses up to $150 per unit will be reimbursed at cost if approved and documented in advance by the State's Project Manager.

  • 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.

  • In accordance with Article Five of the Agreement, the Owner will compensate the Firm in accordance with the following method(s): Negotiated Lump Sum Lump Sum Plus Reimbursable Costs Time & Material (negotiated hourly rate) Cost Plus Fixed Fee, as provided in the attached proposal.

  • Cost Plus Fixed Fee The Consultant shall submit a breakdown of costs by each item of work on the monthly invoice, and shall show the percent complete of each item of work, each milestone and percent complete of the entire Agreement.

  • Cost Plus Fixed Fee is the sum of the payroll costs, combined overhead, and other direct costs, plus the fixed fee.

Related to Cost Plus Fixed Fee

  • Fixed Fee means an agreed upon amount that is fixed at the inception of the Contract. In a cost reimbursable contract, the fixed fee includes the contractor’s direct and indirect administrative costs and profit allocable to the Contract.

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • Base Fee means the amount of compensation mutually agreed upon for the completion of Basic Services.

  • Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;