Firm Fixed Price (FFP) definition

Firm Fixed Price (FFP). Contract means one which provides for a price which is not subject to any adjustment by reason of the seller's cost experience in the performance of the Contract.

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Firm Fixed Price (FFP) means an agreed upon fixed price for the Services and Deliverables to be provided pursuant to a Task Order.5. “Intellectual Property Rights” means world-wide, common-law and statutory rights associated with (i) patentable inventions, patents and patent applications, divisions, continuations, renewals, reissuance, and extensions, thereof, (ii) copyrights, copyright applications and copyright registrations, “moral” rights and mask work rights, (iii) the protection of trade and industrial secrets and confidential information, and (iv) trademarks, trade names, service marks, and logos (collectively “Trademarks”).Try our Contract Management Software if you want to negotiate your contracts with clients efficiently and centralize your contract storage.6. “Open Source” means any software having license terms that require, as a condition of use, modification, or distribution of the software, that such software or other software combined or distributed with such software be (i) disclosed or distributed in source code form, (ii) licensed for the purpose of making derivative works, and (iii) redistributable at no charge.7. “Other Direct Costs” means costs normally incurred in the operation of a business, such as postage, telephone and internet charges, office supplies, and overhead. 8. “Party or Parties” means the signatories to this Agreement when referred to, respectively, individually or collectively.9. “Pre-Existing Intellectual Property” means any Intellectual Property that has been conceived or developed by either party or any third party before the Subcontractor renders any services under this Agreement or any Task Order or that is conceived or developed at any time wholly independently of the Services and Deliverables.10. “Services” means all work performed by the Subcontractor under this Agreement pursuant to a Task Order, as well as materials used by the Subcontractor in performing its obligations under a Task Order.11. “Task Order” means a written document executed by the Parties authorizing Subcontractor to perform Services and/or provide Deliverables in accordance with such Task Order. For clarity, any contract for services entered into through an online freelance or similar website shall be construed as a Task Order under the terms of this Agreement.

Firm Fixed Price (FFP) means an agreed upon fixed price for the Services and Deliverables to be provided pursuant to a Task Order.5. “Intellectual Property Rights” means world-wide, common-law and statutory rights associated with (i) patentable inventions, patents and patent applications, divisions, continuations, renewals, reissuance, and extensions, thereof, (ii) copyrights, copyright applications and copyright registrations, “moral” rights and mask work rights, (iii) the protection of trade and industrial secrets and confidential information, and

Examples of Firm Fixed Price (FFP) 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).

• 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.

• This individual shall have experience in Firm Fixed Price (FFP) and Cost Plus Fixed Fee (CPFF), contracts and should have a minimum of 10 years of federal contracting experience (either working with the Government or for a DoD Contractor).

• A detailed report allocating value of work/quantities performed by Contract Line Items CLINs)/Sub-Line Items (SLINs) identified in the schedule and any accompanying Exhibits with Exhibit Line Items (ELINs) is to be submitted monthly, including all Firm Fixed Price (FFP) and Indefinite Quantity (IQ) Work items completed.

• The Government may issue DO/TOs on a Firm Fixed Price (FFP), Cost Plus Fixed Fee (CPFF), and Cost Reimbursable (CR) basis.

• Purchase Orders issued under this award will be Firm Fixed Price (FFP).

• As such, both Firm Fixed Price (FFP) and Cost Type (i.e. Cost Plus Fixed Fee (CPFF) and/or Cost Reimbursable (CR)) DO/TOs may be awarded under this contract however, FFP will be the preferred contract type.

• The Government intends to award a resulting Firm Fixed Price (FFP) Contract with Contract Line Item Numbers (CLINs) for the procurement of AMP GAS.

• Firm Fixed Price (FFP) Unless stated otherwise in specific sections of this Agreement, the Agreement’s provisions are applicable to any Task Order issued hereinunder, regardless of the Task Order contract type.

More Definitions of Firm Fixed Price (FFP)

Firm Fixed Price (FFP) means an agreed upon fixed price for the Services and Deliverables to be provided pursuant to a Task Order.5. “Intellectual Property Rights” means world-wide, common-law and statutory rights associated with (i) patentable inventions, patents and patent applications, divisions, continuations, renewals, reissuance, and extensions, thereof, (ii) copyrights, copyright applications and copyright registrations, “moral” rights and mask work rights, (iii) the protection of trade and industrial secrets and confidential information, and (iv) trademarks, trade names, service marks, and logos (collectively “Trademarks”).Try our Contract Management Software if you want to negotiate your contracts with clients efficiently and centralize your contract storage.6. “Open Source” means any software having license terms that require, as a condition of use, modification, or distribution of the software, that such software or other software combined or distributed with such software be (i) disclosed or distributed in source code form, (ii) licensed for the purpose of making derivative works, and (iii) redistributable at no charge.7. “Other Direct Costs” means costs normally incurred in the operation of a business, such as postage, telephone and internet charges, office supplies, and overhead. 8. “Party or Parties” means the signatories to this Agreement when referred to, respectively, individually or collectively.9. “Pre-Existing Intellectual Property” means any Intellectual Property that has been conceived or developed by either party or any third party before the Subcontractor renders any services under this Agreement or any Task Order or that is conceived or developed at any time wholly independently of the Services and Deliverables.10.

Firm Fixed Price (FFP) means an agreed upon fixed price for the Services and Deliverables to be provided pursuant to a Task Order.