Name that Acronym
Fixed Priced Contracts
Cost Reimbursement Contracts
Name that Contract Type
Dare to be Miscellaneous
100
FFP
What is Fixed-Firm Price?
100
A contract that provides a firm price or, in appropriate cases, an adjustable price.
What is a Fixed-Price contract?
100
A contract that provides for payment of allowable incurred costs, to the extent prescribed in the contract.
What is a Cost-Reimbursement contract?
100
A Research study
What is a Cost-Plus Fixed Fee contract?
100
A contract that displays the procedures used to purchase commercial items.
What is a Commercial contract?
200
CPIF
What is Cost-Plus Incentive Fee?
200
A contract with upward and downward revision of the stated contract price upon the occurrence of specified contingencies.
What is a Fixed-Price Incentive Firm Target contract?
200
A contract in which the contractor receives no fee and is reimbursed only for an agreed-upon portion of its allowable costs.
What is a Cost Sharing contract?
200
Commercial supplies and services
What is a Fixed-Firm Price contract?
200
A customary method of contract financing that may be available under fixed-price contracts, except for contracts awarded using Sealed Bidding procedures.
What is Performance Based Payments?
300
MOCAS
What is Mechanization of Contract Administration Services?
300
A contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost.
What is a Fixed-Price Incentive contract?
300
A contract that provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.
What is a Cost-Plus Incentive Fee contract?
300
Joint research with educational institutions
What is Cost or Cost sharing contract?
300
A contract that provides for acquiring supplies or services on the basis of direct labor hours at specified fixed hourly rates that include wages, overhead, general and administrative expenses, and profit and actual cost for materials
What is a Time and Materials contract?
400
CRR
What is Contract Receipt and Review?
400
A contract with firm fixed price for an initial period of contract deliveries or performance and possible redetermination of the price for subsequent periods of performance?
What is Fixed Price Contract w/Prospective Price Redetermination contract?
400
A contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract.
What is a Cost-Plus Fixed Fee contract?
400
Production of a major system based on a prototype
What is Fixed-Price Incentive Firm Target contract?
400
A variation of the time-and-materials contract, differing only in that materials are not supplied by the contractor
What is a Labor-Hour contract?
500
IDC
What is Indefinite Delivery Contract?
500
A contract with price that is not subject to any adjustment regardless of the contractor’s cost experience in performing the contract.
What is a Firm Fixed Price?
500
A contract that provides for a fee consisting of a base amount (which may be zero) fixed at inception of the contract and an award amount, based upon a judgmental evaluation by the Government, sufficient to provide motivation for excellence in contract performance.
What is a Cost-Plus Award Fee contract?
500
Emergency repairs to aircraft engines
What is Time and Materials contract?
500
A form of contract financing used with fixed price contracts when acquiring non-commercial items; part of customary contract financing, but preferred over advance payments.
What is Progress Based Payments?
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