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Early Departure
Any of the 3 options
100
Provides for adjusting profit and establishing final contract price based on a formula agreed upon at formation
What is a Fixed Price Incentive Contract
100
Provides incentive for the contractor to control costs
What is a Firm Fixed Price Contract
100
Minimum burden of admin on government
What is a Firm Fixed Price Contract
100
Requires the government to order and the contractor to furnish at least a stated minimum amount of a supply or service
What is an Indefinite Quantity Indefinite Delivery Contract (IDIQ)
200
This contract type is not subject to any adjustment based on contractor costs
What is Firm-Fixed Price Contract
200
Generally not appropriate for R&D contracting
What is Fixed Price Contract
200
When the final costs are more than the target costs, contractor earns less profit
What is Fixed Price Incentive Contract
200
Used in emergency type situations
What is a Letter Contract
300
The contractor is reimbursed only for an agreed upon portion of its allowable costs
What is a Cost Sharing Contract
300
The contractor agrees to perform at a fixed $$ amount
What is Fixed Price Contract
300
Provides for a periodic evaluation of the contractor's performance through a board
What is a Fixed Price Award Fee Contract
300
Used to contract for a set, fixed price, number of hours with materials
What is a Time and Materials Contracts
400
Government promises to buy all a specific requirement (if any) from a particular contractor(s)
What is a Requirements Contract
400
This type of contract is adjusted based on actual costs
What is Fixed Price with EPA
400
The closer the total costs are to the target costs, the lower the fee earned
What is a Cost Plus Incentive Fee Contract
400
Government and contractor agree upon a base fee, limited to 3% of estimated cost, but could as low as 0
What is Cost Plus Award Fee Contract
500
Quantity and price are specified, but delivery times and dates are not
What is an Indefinite Delivery Contract
500
This type of contract is illegal
What is a Cost Plus Percentage of Cost Contract
500
These types of contracts require the contractor to have particular accounting systems
What are Cost Reimbursement Contracts
500
This type of contract is prohibitive unless Congressional approval has been given
What is a personal service contract