Firm Fixed Price (FFP) contracts are a cornerstone of the Adaptive Acquisition Framework, providing a stable, predetermi
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Founded year:
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2004
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Country:
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United States of America
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Funding rounds:
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Not set
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Total funding amount:
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Not set
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Description
Firm Fixed Price (FFP) contracts are a cornerstone of the Adaptive Acquisition Framework, providing a stable, predetermined price for goods or services that does not change regardless of the contractor's costs. This contract type enhances budget certainty and motivates efficient performance, as the contractor assumes the risk for any cost overruns. FFP contracts are particularly effective for projects with clear requirements and limited scope changes, aligning with the frameworkâs goals of flexibility and cost management. For a comprehensive understanding of how FFP contracts fit within this adaptive approach, explore detailed acquisition resources and guidelines.
