What Does FPIF Stand For?
FPIF stands for Fixed Price Incentive Fee
FPIF, or Fixed Price Incentive Fee, is a contract type used in project management and procurement that provides a fixed price for a project while allowing for additional payments based on the contractor's performance and cost savings. This arrangement encourages efficiency and cost control, as the contractor is incentivized to complete the project under budget and ahead of schedule, receiving a fee based on the savings achieved, thus aligning the interests of both the buyer and the seller.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym