There are many types of government contracts. Today we will discuss the most common types of contracts that the federal government uses.
Types of Contracts
-Firm Fixed Price (FFP) FAR Part 16.2
-Cost-Reimbursement and Cost-Plus Contracts FAR Part 16.3
-Time and Materials Contracts Far Part 16.6
-Indefinite Delivery/Indefinite Quantity Contracts (IDIQ)FAR Part 16.5
-Sealed Bidding Contracts FAR Part 14
-Negotiated Contracts FAR Part 15
-Simplified Acquisition Threshold (SAT) FAR Part 13
Websites:
Federal Acquisition Regulation: http://farsite.hill.af.mil/
Federal Contracting Made Easy: https://www.federalcontractingmadeeasy.com
Byerly Enterprises: https://www.byerlyenterprises.com
Contact Nancy: [email protected]