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CPFF Multiphase Sample Contract

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The document is a consultant contract between the State of Arizona and a consulting firm for engineering services related to a specific project. It outlines the scope of work, compensation structure, project schedule, and various legal obligations including compliance with laws, insurance requirements, and dispute resolution processes. The contract emphasizes the responsibilities of both parties, including payment terms, performance evaluations, and conditions for termination. Additionally, it includes provisions for subcontracting, conflict of interest policies, and adherence to civil rights and environmental regulations.

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What is a CPFF contract type?

Definition. A contract where the contractor recovers actual costs incurred for completed work. The fee awarded is predetermined and set by the contract.

What are the three types of cost reimbursement contracts?

Types of Cost-Reimbursement Contracts Cost-plus-fixed-fee (CPFF) contracts. Cost-plus-incentive-fee (CPIF) contracts. Cost-plus-award-fee (CPAF) contracts.

What is the difference between CPFF and TM?

Cost plus construction contracts offer advantages like transparency, flexibility, and reduced contractor risk. They also come with drawbacks, including uncertain pricing, a higher administrative workload, and a greater risk of disputes.

What are the 4 types of contracts?

Time-and-materials involves the vendor billing the client for the cost of materials, as well as an hourly rate for the different types of labor involved on the project. CPFF is when the client pays the cost of the materials and time, plus a flat-fee on top of those costs.