What Is Cost Plus Incentive Fee (CPIF) Contract?

October 16, 2007 | Author: PM Hut | Filed under: Project Management Definitions

What Is Cost Plus Incentive Fee (CPIF) Contract? - Cost Plus Incentive Fee (CPIF) Contract is a type of contract where the buyer reimburses the seller for the seller’s allowable costs (allowable costs are defined by the contract), and the seller earns its profit if it meets defined performance criteria.

For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

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