Federal Contracting Acronym
FPRA
Forward Pricing Rate Agreement
Plain-English definition
A Forward Pricing Rate Agreement documents negotiated indirect rates and billing procedures between a contractor and the government. In federal practice, Forward Pricing Rate Agreement connects to how contracting officers, program offices, and industry teams interpret requirements, document decisions, and execute awards. Authoritative context is typically found in DCAA materials and agency supplements where applicable. Contractors should trace how FPRA appears in the specific solicitation or contract rather than assuming uniform usage across agencies.
Why it matters
Understanding Forward Pricing Rate Agreement (FPRA) reduces misalignment during proposal preparation, contract performance, and compliance reviews tied to pricing & finance obligations.
Where you will see it
SAM.gov notices, contract clauses and attachments, DoD forms and supply systems when applicable, and internal capture or program management documentation.
Example in context
During a bid review, the capture lead notes FPRA in the solicitation, assigns a subject-matter owner to confirm requirements, and records the decision in the compliance matrix.