What Does FPPR Stand For?

FPPR stands for Fixed Price With Price Revision

FPPR, or Fixed Price With Price Revision, is a contracting approach that establishes a set price for goods or services while allowing for adjustments based on predetermined criteria. This method provides a balance between cost certainty and flexibility, enabling contractors to adapt to changes in market conditions or project requirements. FPPR is commonly utilized in industries where material costs fluctuate or when project scopes may evolve, ensuring that both parties maintain a fair agreement throughout the contract duration.