IFF (Industrial Funding Fee)

The Industrial Funding Fee (IFF) is a procurement-related cost that aims to maintain industrial infrastructure and strengthen technology development. When companies are awarded government contracts, they are required to pay the IFF as compensation for the use of government resources. This fee helps cover the cost of research and development, as well as technical assistance and support both during bidding and contract performance. The IFF also encourages industrial expansion, helps promote maintenance of public works and ensures a secure market for government contractors. Ensuring these elements are in place creates a more level playing field between private and public stakeholders in business operations.