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Additionally the contractor has to do the extra work at cost, meaning no profit fees. It protects the contractor from going under and protects the prime from b
by DigitalJack 12y ago
Additionally the contractor has to do the extra work at cost, meaning no profit fees. It protects the contractor from going under and protects the prime from bad motives.
Usually there are additional award fees for getting stuff done on time.
- mattlutze 12y agoAny Firm Fixed Price RFP response (versus Cost+ or many other forms) considers the profit margin as part of the proposed contract value. Any company not insulating an FFP proposal with enough margin to absorb a few unexpected issues shouldn't be in business anyways, IMHO.