Common use of Fixed Price Work Clause in Contracts

Fixed Price Work. The only allowable expense for Firm Fixed Price Work is the calendar monthly amount equal to [insert amount]. This amount represents full payment for all costs associated with the performance of Firm Fixed Price Work during an invoice period, including: The full complement of Management and Support Staff as defined by the organization chart in Exhibit L. The cost for the agreed staffing levels includes the core staff of managers and supervisors, customer service representatives, purchasers, and various technical staff. If staff are not available and maintained at the agreed levels there will be a commensurate reduction in the amount paid for Firm Fixed Price Work. The amount of the reduction will be equal to the product of the most current salary paid for the affected staff member multiplied by a percentage representing the portion of the minimum requirement that was unfilled. The AOC, upon request, has the right to review all supporting documents related to this report. Total labor costs, overhead costs, operations and administrative costs in support of Firm Fixed Price Work. All Subcontractor Material costs in support of Firm Fixed Price Work. All Material costs in support of Firm Fixed Price Work. Travel Expenses and Travel Time in the performance of Firm Fixed Price Work.