Fixed-Price Incentives: Are They Being Used Properly?
This recorded presentation explores the nature of fixed-price-incentive-fee (FPIF) contracts and the shift to this contract type—particularly contracts for professional services and sustainment efforts. | Self-Paced Virtual Training | Intermediate | 1.5 CPE/CLP | 90 minutes $55 member/$69 non-member
Description:
Over the past several years, there has been a shift toward fixed-price-incentive-fee (FPIF) contract types, especially within the Department of Defense with the implementation of the Better Buying Power initiatives, and the prevalence of FPIF contracting does not appear to be shifting under the new administration. This recorded presentation examines the nature of FPIF contracts and how they have been misused in several areas—particularly contracts for professional services and sustainment efforts.
Intended Audience: Government contractors, contracting specialists
Level of Difficulty: Intermediate
Learning Objectives:
- Discuss proper use of fixed-price incentives as defined by the FAR
- Compare different contract types
- Understand areas of possible misuse
CMBOK Competencies:
- 3.1 - Price or Cost Analysis
Presenters:
- Jim Gill, Associate, Canyon Consulting
- William H. Foster, Director, Space Large Engine Contracts, Aerojet Rocketdyne Inc.
Credits: 1.5 CPE/CLP
Cost: $55 member / $69 non-member