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.”
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)