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Bookmark or Share- Fixed rate vs. fixed price - Contract Award Process - The Wifcon Forums ...When I first saw the subject of your post I was reminded of one of my civilian agency customers who calls its T&M contracts "fixed rate" apparently because it sounds better with "fixed" in there and does not carry the negative connotations that T&M does. "Fixed rate," however, is not a contract type listed in FAR Part 16. But I digress.
- Equitable Adjustment for Approved Davis Bacon Rate Higher than Rate ...I have a firm fixed price construction contract with no options. The contractor has a classification that was not contained in wage determination. The SF 1444 was submitted to the DOL. The DOL denied the request and responded with an approved rate much higher than the rate proposed by the contrac...
- Firm Fixed Price Level of Effort - Contract Award Process - The Wifcon ...A firm-fixed-price, level-of-effort term contract requires (a) the contractor to provide a specified level of effort, over a stated period of time, on work that can be stated only in general terms and (the Government to pay the contractor a fixed dollar amount.
- Fixed Price Level of Effort - Contract Pricing Including CAS ...Govt calls this bid opportunity a "fixed price level of effort." Quite common. The specified positions consist of an hourly rate multiplied by 1920 hours annually. Yet there is no possible way the people can actually deliver 1920 hours due to vacation, holiday, sick leave, and any number of other...
- Firm Fixed Price versus Firm Fixed Unit Price - WIFCON.comThe CLINs have a total amount on them but it is not stated it is a ceiling. These contracts just don't seem like Firm Fixed Price Contracts to me as they have variability in the total price. I think of a Firm Fixed Price Contract as an agreed to, at award, total amount that the contractor gets if they perform the work.
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