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What is a Pay for Performance (PFP) Contract?

April 26, 2017contract pay PERFORMANCE pfp

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What is a Pay for Performance (PFP) Contract?

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A PFP contract sets a firm, fixed price for a remediation at a site (or group of sites). The remediation contractor gets payments as specific contaminants are reduced to predetermined specified levels at specified measurement points on the site. Attachments for PFP contract.