Federal Contracting Acronym
FFP
Firm-Fixed-Price
Plain-English definition
Firm-fixed-price contracts pay a set amount regardless of contractor cost, shifting cost risk to the contractor.
Why it matters
Firm-Fixed-Price (FFP) is a core federal acquisition term used in regulations, solicitations, and contract administration.
Where you will see it
Federal notices on SAM.gov, contract attachments, registration systems, audit requests, and internal capture/proposal documentation.
Example in context
When reviewing a solicitation, a contractor confirms how FFP is used in the notice, whether related clauses apply, and which internal subject-matter experts should validate the response.