Pricing & costContract type
FPIF
Fixed Price Incentive Fee
Definition
A Fixed Price Incentive Fee contract establishes a target cost, target profit, ceiling price, and profit adjustment formula. FPIF contracts share cost risk between government and contractor, with contractor profit varying based on relationship between actual and target costs within the ceiling.
Ready to win federal contracts?
GovCon in a Box helps you find opportunities, research competitors, and build a winning capture strategy.