Sab9_140_Contract Types

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Mind Map on Sab9_140_Contract Types, created by Jou M on 08/03/2016.
Jou M
Mind Map by Jou M, updated more than 1 year ago
Jou M
Created by Jou M over 8 years ago
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Sab9_140_Contract Types
  1. Fixed price ; Precio Fijo (FP)
    1. Fixed Price(FP, or Lump Sum, Firm Fixed Price) ; Precio fijo (FP o cantidad fija, precio fijo cerrado)
      1. Means that you are going to pay one amount regardless of how much it costs the contractor to do the work. A fixed-price contract only makes sense in cases where the scope is very well known.
      2. Fixed Price Incentive Fee (FPIF); Precio fijo más honorarios con incentivos (FPIF)
        1. Means that you are going to pay a fixed price for the contract and give a bonus based on some performance goal. You might set up a contract where the team gets a $50,000 bonus if they manage to deliver an acceptable product before the contracted date. If the fixed-price contract does not include a fee, it’s often referred to as a firm fixed-price (FFP) contract.
        2. Fixed Price Award Fee ( FPAF); Precio fijo más honorarios por cumplimiento de objetivos (FPAF)
          1. In a FPAF contract, the buyer pays a fixed price plus an award amount (a bonus) based on performance. This is very similar to the FPIF contract, except the total possible award amount is determined in advance and apportioned based on performance.
          2. Fixed Price Economic Price Adjusment ; Precio fijo con ajuste económico de precio (FPEPA)
            1. If a contract will cover a multiyear period, there may be uncertainties about future economic conditions. Future costs of supplies and equipment the seller might be required to provide under contract might not be predictable
            2. Purchase Order ;Orden de compra
              1. This is the simplest type of fixed-price contract. This type of contract is normally unilateral(signed by one party) instead of bilateral(signed by both parties).
            3. Time and Material or Unit Price; Tiempo y Materiales (T&M) o precio unitario
              1. is used in labor contracts. It means that you will pay a rate for each of the people working on your project plus their materials costs. The “time” part means that the buyer pays a fixed rate for labor—usually a certain number of dollars per hour. And the “materials” part means that the buyer also pays for materials, equipment, office space, administrative overhead costs, and anything else that has to be paid for. The seller typically purchases those things and bills the buyer for them. This is a really good contract to use if you don’t know exactly how long your contract will last, because it protects both the buyer and seller.
              2. Cost_Reimbursable(CR); Costos Reembolsables
                1. Cost Contract ; Contrato de costos
                  1. A cost contract is one in wich the seller receives no fee(profit). It is appropriate for work performed by nonprofit organizations.
                  2. Cost Plus Fee (CPF) or Cost Plus Percentage of Cost (CPPC); Costo más honorarios (CPF) o costo más porcentaje de costos (CPPC)
                    1. A CPF or CPPC contract requires the buyer to pay for all costs plus a percentage of costs as a fee. This type of cost-reimbursable contract is generally not allowed for US federal acquisitions or procurements under federal adquisition regulations and is bad for buyers everywhere.
                    2. Cost Plus Fixed Fee( CPFF) ; Costo más honorarios fijos (CPFF)
                      1. Means what it says. You pay the seller back for the costs involved in doing the work, plus you agree to an amount that you will pay on top of that.
                      2. Cost Plus Incentive Fee ( CPIF); Costo más honorarios con incentivos (CPIF)
                        1. Means you’ll reimburse costs on the project and pay a fee if some performance goals are met. Kate could set up her project using this contract type by suggesting that the team will get a $50,000 bonus if they keep the average wait time for the calls down to seven minutes per customer for over a month. If she were on a CPIF contract, she would pay the team their costs for doing the work, and also the $50,000 bonus when they met that goal.
                        2. Costo más honorarios por cumplimiento de objetivos (CPAF); Cost Plus Award Fee(CPAF)
                          1. is similar to the CPFF contract, except that instead of paying a fee on top of the costs, you agree to pay a fee based on the buyer’s evaluation of the seller’s performance.
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