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What Is Cost Plus Incentive Fee (CPIF) Contract?

April 26, 2017contract COST fee Plus pmo project management office project manager

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What Is Cost Plus Incentive Fee (CPIF) Contract?

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– 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.