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Welcome to Contracting Conversations. My name is Scott Williams and Im joined by my co host, Jim Valley. Today we are pleased to have with us Professor Dave Lewis, DAUs Learning Asset Manager for the OLT course 7610, which is Fixed Price Incentive Firm Target Contracts. Welcome back to Contracting Conversations Dave. Thanks for having me back, Scott. Absolutely. So were excited to learn about 7610. So Dave, what can you tell us about this particular course? Okay, this is on Fixed Price Incentive Firm Target contracts, or FPIF for short. And in this lesson we do a deep dive on these types of contracts. Okay, Ill start out with an introduction, just basically situations for use. When are they good to use and what kind of limitations do I have on the use of them? Then we get into the geometry of these things. And the geometry on incentive contracts is really, it is how the incentive lays out. Who is going to get how much at the end of the contract. So thats really, really important
