Course and condition specific wedges may be a strategy you want to consider. Tight lies, hard turf, and firm bunkers suggest low bounce wedges. Soft turf, fluffy lies, and soft sand call for more bounce. I doubt weâll ever know what the bounce or grind was on the wedge Tiger used on Oakmontâs third hole yesterday.
Definition - What does Fixed Success Fee mean? Fixed success fees are a predetermined amount for the work performed by an investment banker or M&A advisor to complete a transactions. Fixed success fees may be appropriate in situations where the banker can estimate the total amount of work (or hours) that will be required to complete the engagement.
Cost-plus-incentive fee. From Wikipedia, the free encyclopedia. A cost-plus-incentive fee (CPIF) contract is a cost-reimbursement contract that 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. The Target Fee varies between the Minimum Fee and the Maximum Fee according to a formula tied to the Actual Cost (e.g. Target Fee could be 10% of the Actual Cost). 2  Sharing Ratio: the agreed upon cost sharing proportion, normally expressed in percentage (e.g. 85% for the client / 15% for the contractor).