What Does FFP Stand For?

FFP stands for Firmed Fixed Price

FFP, or Firmed Fixed Price, refers to a pricing structure commonly used in contracts where the price is established and agreed upon by both parties at the outset. This fixed price remains unchanged throughout the duration of the contract, regardless of fluctuations in costs or market conditions. FFP arrangements provide cost certainty for clients and can enhance project budgeting and financial planning. They are often utilized in construction, manufacturing, and service agreements to mitigate risk and promote transparency.

Other Meanings for FFP