Fixed Price Incentive Contract (Dobler and Burt 346-348)

Here are some scenarios from the example in your book.  Facts of case: Buyer and seller agree on target cost of $1,000 and target seller profit of $80.  They agree to share cost savings and cost over runs 80/20 (20 percent to seller).   They also agree on a price cap of $1,200.  If the actual cost goes over the target ($1,000) the buyer and seller share in the loss: The buyer pays a higher price and the sellers profit is reduced from the $80 target.  If the actual cost is less than the $1,000 target, the reverse is true.

In the table the actual cost varies from scenario to scenario (column to column).

target cost 1000 1000 1000 1000
actual cost 1000 900 1050 1200
savings 0 100 (50) (200)
Supplier % share of savings 20% 20% 20% 20%
Supplier $ share of savings 0 20 (10)         (40)
Target Fee 80 80 80 80
Supplier Profit 80 100 70 0       40
Actual Cost (from above) 1000 900 1050 1200
Price paid by Buyer 1080 1000 1120 1200  1240

    supplier profit = supplier share of $ savings + target fee

    price paid by buyer = supplier profit + actual cost