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Types of Federal Government Contracts range from firm-fixed price to cost-plus-fixed-fee. Fixed-price types of contracts provide for a firm price, or, in appropriate cases, an adjustable price. The contracting officer shall use firm-fixed-price or fixed-price with economic price 8 Nov 2015 There are three primary types of government contracts: fixed price, cost reimbursable and time and materials. Fixed price contracts have a 4 May 2016 Federal government contracts are commonly divided into two main types, This wide selection of contract types is available to the government Firm Target: Government pays price that is the sum of final negotiated cost and final profit. . Award fee may be used in conjunction with other types of contracts. Subpart 16.1—Selecting Contract Types · 16.101 General. 16.103 Negotiating contract type. 16.203 Fixed-price contracts with economic price adjustment. The Government needs a firm commitment from the contractor to deliver the . Under an FPI contract, profit is inversely related to cost, so this contracts type One of the most prevalent contract types being used by the federal government is the indefinite delivery/indefinite quantity (IDIQ) contract. These contracts can be used on both a fixed-price and cost-reimbursement basis. Businesses of all sizes and types are eligible to bid for government contracts through United States federal agencies and through municipal and state The United States Government has a great deal of flexibility to acquire services, supplies, and construction by using a variety of contract types. Each contract
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