Which of the following contract types is described in the statement below?
“The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated as a percentage for the initial estimated project costs.”
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A.
CostPlus Fixed Fee Contracts (CPFF)
B.
Fixed Price Incentive Fee Contracts (FPIF)
C.
Firm Fixed Price Contracts (FFP)
D.
CostPlus Incentive Fee Contracts (CPIF)