A type of fixed price contract where the buyer pays the seller a set amount (as defined by the contract), regardless of the seller's costs.
Firm-Fixed-Price (FFP) Contract
Definition of Firm-Fixed-Price (FFP) Contract
Last updated: January 04, 2025
Definition of Firm-Fixed-Price (FFP) Contract
A type of fixed price contract where the buyer pays the seller a set amount (as defined by the contract), regardless of the seller's costs.