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Target costing is an approach to determine a product's life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price. [1] A target cost is the maximum amount of cost that can be ...
Cost-plus-incentive fee. A cost-plus-incentive fee ( CPIF) contract is a cost-reimbursement contract which provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs. [1]
Cost-plus contract. A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for a profit. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
Fixed-price contract. A fixed-price contract is a type of contract for the supply of goods or services, such that the agreed payment amount will not subsequently be adjusted to reflect the resources used, costs incurred or time expended by the contractor. This contract type may be contrasted with a cost-plus contract, which is intended to cover ...
Target Field during a game vs. Kansas City in 2010. Target Field is the Twins/Senators sixth ballpark, and the franchise's third in Minnesota. The Twins had played 28 seasons at the Hubert H. Humphrey Metrodome, and before that 21 seasons at Metropolitan Stadium.
The point of total assumption ( PTA) is a point on the cost line of the profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI) contract above which the seller effectively bears all the costs of a cost overrun. The seller bears all of the cost risk at PTA and beyond, due to a dollar ...
The two triangle-shaped arms form a shroud around the cold target to protect it until they open five seconds before a shot. The National Ignition Facility ( NIF) is a laser -based inertial confinement fusion (ICF) research device, located at Lawrence Livermore National Laboratory in Livermore, California, United States.
Harris proposals target food, housing and medical costs. WASHINGTON (AP) — Vice President Kamala Harris is out with a string of new economic proposals focused on food prices, taxes, housing and ...