1. CPFF CPIF CPAF FPI(F) FPAF FFP
Greatest Cost Risk to the Contractor
Greatest Cost Risk to the Government
CPFF CPIF CPAF FPI(F) FPAF FFP
Technical Risk
Vague technical requirements; labor and material costs uncertain
Technical requirements defined;
fair and reasonable prices determinable
Contractor Delivers “Best Effort” Contractor Delivers Acceptable Product

2. CPFF: Cost Plus Fixed Fee
CPIF: Cost Plus Incentive Fee
CPAF: Cost Plus Award Fee
FPI(F): Fixed Price Incentive-Firm
FPAF: Fixed Price Award Fee
FFP: Firm Fixed Price