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1. www.acquisition.gov › far › part-16Part 16 - Types of Contracts | Acquisition.GOV

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   16.102 Policies. (a) Contracts resulting from sealed bidding shall be firm-fixed-price contracts or fixed-price contracts with economic price adjustment. (b) Contracts negotiated under part 15 may be of any type or combination of types that will promote the Government’s interest, except as restricted in this part (see 10 U.S.C. 3321 (a) and ...

   • Subpart 16.3

     (a) A cost-reimbursement contract may be used only when (1)...

   • Fixed-Price Contracts

     (a) Fixed-price types of contracts provide for a firm price...

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3. www.dau.edu › acquipedia-article › contract-typesContract Types | www.dau.edu

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   Contract types of this category include time-and-materials and labor-hours contracts. The Government bears the preponderance of cost and performance risk because the Government is contracting for a level-of-effort or labor hours rather than for a completed job, task, or project. The contracting officer must prepare a determination and findings ...

4. www.govconwire.com › articles › types-of-governmentTypes Of Government Contracts That You Should Know

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   • 5 Common Types of Government Contracts For Prime Contractors
   • How to Qualify For Federal Contracts For Prime Contractors
   • What Are The Types of Government Contracts For Small Businesses?
   • What Is Federal Subcontracting?

   The federal government sets a firm value on a fixed-price government contract. This means that the government contractor shoulders all the responsibility in ensuring that the government project falls within the budget—and they have complete control over how much profit they can earn from it. Furthermore, there may be instances where the federal gov...

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   To become eligible for federal contracts as a prime contractor, you have to fulfill a series of requirements first that can be found in this guide. To help you find the starting line of this journey, here is an overview of the things you need to arrange before you start applying to become a government contractor: 1. Legal business documents, such a...

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   If you think the road to becoming a full-fledged government contractor is tough, wait until you hear about the journey to competing for federal contracts as a small business. Going against established government contractors and huge corporations is an uphill battle for every small business owner. Fortunately, the United States government recognizes...

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   Another path in the government contracting industry that you can take is subcontracting. If you are still a small business and are looking for an opportunity to put your foot in the door in this highly competitive field, exploring subcontracting opportunities might be for you. Being a subcontractor means working under another prime government contr...

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5. People also ask

   What are the different types of government contracts?

   • Although these types of government contracts are for short-term periods only. A labor-hour contract is another variation of the time and materials contract. The only difference between the previous government contract type is that the contractor bound by this contract is not the one who will supply the materials needed for the project.

   Types Of Government Contracts That You Should Know

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   What is a government contract?

   • This type of government contract is also called a firm-price or lump-sum contract. With the nature of this contract type, contractors can’t ask for additional funding if the project ends up costing more than expected. They need to manage their expenses carefully because they’re always at risk of paying extra costs.

   What are the Different Types of Government Contracts? - ExecutiveGov

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   What are the different types of fixed-price government contracts?

   • However there are a few subtypes of fixed-price government contracts, each with its own characteristics and considerations: Firm fixed–price contracts (FFP) are ones in which the price is set and does not change, regardless of the actual costs incurred by the contractor or subcontractor.

   Understanding the 4 Types of Government Contracts | FAMR

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   What are the different types of contracts?

   • 1. Fixed-price contracts 2. Time and materials contracts 3. Cost-reimbursement contracts/cost plus fixed fee contracts 4. Indefinite delivery, indefinite quantity contracts 5. Labor-hour contracts 6. GSA schedule contracts 7. Modification contracts 8. Set-aside contracts What is the best type of contract?

   What are the Different Types of Government Contracts? - ExecutiveGov

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6. executivegov.com › articles › different-types-ofWhat are the Different Types of Government Contracts?

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   Apr 18, 2024 · Here are the different types of government contracts, including their examples, advantages, and disadvantages. 1. Fixed-price contracts. Photo by ANDREI ASKIRKA/ Shutterstock. A fixed-price ...

7. www.famr.us › learn › types-of-government-contractsUnderstanding the 4 Types of Government Contracts | FAMR

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   The four most common types of government contracts that we’ll be going through today are: 1. Fixed-price contracts. The first and most basic type of government contract is fixed-price, also known as lump sum contracts. As the name suggests, these use a set price that doesn’t change based on the incurred costs by the contractor.

8. www.energy.gov › sites › prodGeneral Guide To Contract Types For Requirements Officials

   www.energy.gov › sites › prod

   The Federal Acquisition Regulations (FAR) governs the use of the many types of government contracts. The purpose of this document is to provide general guidance regarding contract types as described under FAR Part 16. This guide is not intended to supersede information contained in the FAR.

9. www.acquisition.gov › far › subchapter-cSubchapter C - Contracting Methods and Contract Types

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   May 1, 2024 · Subpart 13.3 - Simplified Acquisition Methods. 13.301 Governmentwide commercial purchase card. 13.302 Purchase orders. 13.302-1 General. 13.302-2 Unpriced purchase orders. 13.302-3 Obtaining contractor acceptance and modifying purchase orders. 13.302-4 Termination or cancellation of purchase orders.