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Meaning of firm fixed price contract (ffp)

 

 

 

Firm Fixed Price Contract (FFP)

 

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Business project management glossary

 

Meaning of term firm fixed price contract (ffp) :

 

A contract where the buyer pays a set amount to the seller regardless of that seller’s cost to complete the project.

 

The meaning indicated above are indicative not be used for legal purposes

Source : http://files.perevedem.ru/Glossaries/Project%20management/big-group%20(Business%20project%20management%20glossary).doc

 

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Firm Fixed Price Contract (FFP)

 

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