Cost-Plus-Incentive-Fee Contract (CPIF)

Cost-Plus-Incentive-Fee Contract (CPIF)

Definition

A CPIF is a type of cost-reimbursement government procurement contract under which the contractor is reimbursed for all reasonably incurred costs and receives an incentive fee determined by whether the contractor met certain performance metrics, which are typically tied to whether the contractor’s actual costs came in above or below the contract’s target cost.

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