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IDEA PDU Cost plus Fixed Fee Purchase Order Invoicing Protocol May 10, 2011The Invoice submittal should include the following items: One original invoice with support documentation One copy with support
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What is cost plus fixed fee?
Cost plus fixed fee is a pricing method in which a contractor is reimbursed for all allowable expenses incurred during the performance of a contract, plus a predetermined fixed fee.
Who is required to file cost plus fixed fee?
Contractors and subcontractors who have cost plus fixed fee contracts are required to file cost plus fixed fee.
How to fill out cost plus fixed fee?
Cost plus fixed fee reports can typically be filled out electronically through a designated government portal or system provided by the contracting agency.
What is the purpose of cost plus fixed fee?
The purpose of cost plus fixed fee contracts is to provide contractors with fair compensation for their actual costs incurred in the performance of the contract, as well as a reasonable profit margin.
What information must be reported on cost plus fixed fee?
Cost plus fixed fee reports must include detailed documentation of all expenses incurred, as well as justification for the fixed fee being charged.
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