Contract Type
This contract type shall be used when risk is minimal.
What is a Firm-Fixed-Price contract
FAR 16.103
This results in realistic pricing, and a fixed-price contract is ordinarily in the Government’s interest.
What is Price Competition.
FAR 16.104
This type of contract shall be used for the acquisition of commercial items
What is a Firm-Fixed-Price contract
FAR 16.202-2
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A fixed-price contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost.
What is a fixed-price incentive contract.
FAR 16.204
In the absence of effective price competition and if price analysis is not sufficient, this contract type selecting factor estimates costs the offeror and the Government provide. It is essential that the uncertainties involved in performance and their possible impact upon costs be identified and evaluated, so that a contract type that places a reasonable degree of cost responsibility upon the contractor can be negotiated.
What is Cost Analysis
FAR 16.104
What are the three different kinds of indefinite-delivery contracts?
What are Definite-quantity contracts, Requirements contracts, and Indefinite-quantity contracts.
FAR 16.501-2
Within stated limits, of supplies or services during a fixed period, the Government places orders for individual requirements. Quantity limits may be stated as number of units or as dollar values.
What is a Indefinite-Quantity Contract
FAR 16.504
This factor takes into account; in times of economic uncertainty, contracts extending over a relatively long period may require economic price adjustment or price redetermination clauses.
What is Period of performance or length of production run
FAR 16.104
This costi-reimbursment contract provides the contractor with minimal incentive to control costs.
What is Cost-Plus-Fixed-Fee contract
FAR 16.306
This contract type may be used only when it is not possible at the time of placing the contract to estimate accurately the extent or duration of the work or to anticipate costs with any reasonable degree of confidence.
What is a Time-and-Materials Contract
FAR 16.601 & 12.207
If the entire contract cannot be firm-fixed-price, the contracting officer shall consider whether or not a portion of the contract can be established on a firm-fixed-price basis.
What is Combining Contract Types
FAR 16.104
A cost-plus-fixed-fee contract may take one of these two basic forms
What is Completion and Term.
FAR 16.306
This cost-reimbursement contract provides for a fee consisting of a base amount (which may be zero) fixed at inception of the contract and an award amount, based upon a judgmental evaluation by the Government, sufficient to provide motivation for excellence in contract performance.
What is a Cost-Plus-Award-Fee Contract
FAR 16.305
In this contract selecting factor; the Government may choose to assume a greater proportion of risk or it may offer incentives tailored to performance outcomes to ensure timely contract performance.
What is Urgency of the requirement
FAR 16.104
This contract process compel's trade-off decisions among incentive areas that align with the Government's overall acquisition objectives.
What is Multiple-Incentive Contracts.
FAR 16.402-4