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Fee

The profit portion included in the seller's payment, separate from reimbursed costs.

Key Points

  • Represents the seller's profit in the overall compensation.
  • Distinct from reimbursed direct, indirect, and allowable costs.
  • Can be structured as fixed fee, incentive fee, or award fee based on the contract type.
  • Negotiated during procurement and may depend on risk, performance, or cost targets.

Example

In a CPFF contract, the buyer reimburses actual allowable costs of USD 500,000 and pays a fixed fee of USD 50,000. The USD 50,000 is the fee, meaning the seller's profit.

PMP Example Question

In a cost-reimbursable contract, what does the term "fee" most accurately describe?

  1. Reimbursement of direct labor and materials
  2. The seller's profit added to reimbursed costs
  3. A contingency reserve for unknown risks
  4. A penalty for failing to meet schedule targets

Correct Answer: B — The seller's profit

Explanation: The fee is the profit component paid to the seller and is separate from reimbursed costs.

How To Land the Job and Interview for Project Managers Course

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This isn’t just another job-hunting guide—it’s a tailored roadmap for project managers. You’ll craft winning resumes, tackle tough interview questions, and plan your first 90 days with confidence. Our hands-on approach includes real-world examples, AI-powered resume hacks, and interactive exercises to sharpen your skills.

You'll navigate the hiring process like a pro, with expert insights on personal branding, salary negotiation, and career growth strategies. Plus, downloadable templates and step-by-step guidance ensure you're always prepared.

Learn from seasoned professionals and join a community of ambitious project managers. Ready to land your ideal job and thrive in your career? Enroll now and take control of your future!



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