Tag: CPIF
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Describe the relative benefits and weaknesses of a CPIF contract vs. a CPAF contract.
Contracts and Procurement Assignment 4 Understanding Different Contract Modalities Contracts can be configured in various ways, but most are divided into one of two categories: fixed price contracts (also called lump sum contracts) and cost plus contracts (also called cost reimbursable contracts). Following is a summary differentiating the characteristics of these two contract modes: Fixed…