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.
Fixed Price Incentive Fee Contracts (FPIF)

B.
Cost Plus Fixed Fee Contracts (CPFF)

C.
Cost Plus Incentive Fee Contracts (CPIF)

D.
Firm Fixed Price Contracts (FFP)

Explanation: