Contract Type
Cost Plus Incentive Fee
Definition
Cost Plus Incentive Fee (CPIF, FAR 16.405-1) reimburses allowable costs plus a fee that adjusts based on the relationship of actual costs to target cost. Includes target cost, target fee, minimum/maximum fee, and share ratio (e.g., 80/20 government/contractor). Rewards cost efficiency while limiting contractor risk.
Related Terms
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