What is your body language saying? Narrowing the red margins of your lips is a clear sign of anger, while massaging your forehead can signal uneasiness. (RealSimple.com) -- Every last gesture -- whether it's a tilt of the head or plain fidgeting -- tells a story.
A Firm-Fixed-Price (FFP) (FAR Subpart 16.2) contract provides for a price that is not subject to any adjustment on the basis of the contractorâs cost experience in performing the contract. A Firm-Fixed-Price (FFP) (FAR Subpart 16.2) contract provides for a price that is not subject to any adjustment on the basis of the contractorâs cost experience in performing the contract.
I would call this a fixed unit price or fixed unit rate contract, under the general heading of fixed price, because the price is ...not subject to any adjustment on the basis of the contractor's cost experience in performing the contract.. FAR 16.202-1.Just my $0.02 worth. fixed rate and fixed price can be one in the same. Certainly there are contracts with fixed rates. I would usually refer to those as unit-priced items, as opposed to lump sum priced items. And there is no prohibition in including a not-to-exceed quantity of a unit-priced item.