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This is a fixed price contract combined with a pay rate adjustment based on changes to economic conditions such as:

  • Cost of labor or materials
  • Fluctuations in currency rate conversions
  • Inflation

This contract type also mitigates some of the risk on the seller.

Refer to Fixed Price Economic Price Adjustment (FPEPA) Contract.

Last Update: December 3, 2024
July 27, 2017 65 Project VictorProcurement Management
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