View common types of contract compensation in this infographic.
Understand contracting concepts in quick comparisons and our downloadable resources. Follow supply chain management and business development topics for greater detail in case studies and articles.
Contracts by Compensation Type
- Firm Fixed Price (FFP)
- Fixed Price Economic Price Adjustment (FPEPA)
- Fixed Price Firm Target Incentive Agreement
- Fixed Price Award Fee (FPAF)
- Fixed Price Prospective Price Redetermination (Reduction )
- Cost Contract and Cost Sharing Contract (C or CS)
- Cost Plus Incentive Fee (CPIF)
- Cost Plus Award Fee (CPAF)
- Cost Plus Fixed Fee (CPFF)
- Labour Hours (Billable Time)
- Time and Materials (TM)
- Other Types: Contracts of Performance, Blanket Purchase Orders (BPO), General Service Agreements (GSA), Indefinite Delivery, Indefinite Quantity (IDIQ)
Search the VCC Glossary for “contracts” and on the website for more in the Contracts Series…
Compensation names may differ by organization.
The acronyms used and specific titles of the contract types shown here may vary by organization.
This non-exhaustive list of contract types related to compensation methods can be found in greater detail using the links in the references section below and are suggested as recommended reading.
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