Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Cost Plus Incentive Fee Contract (CPIF)”

  • Cost Plus Incentive Fee Contract (CPIF)

    A contract whereby the contractor receives additional compensation for keeping the total amount expended below the agreed-upon maximum contract amount or for achieving certain pre-specified goals during the performance of the contract. Often used in construction contracts to assure completion of the building project prior to the targeted completion date.