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CON > Contract Types > Flashcards

Contract Types Flashcards

1
Q

Fixed Price

A

Commercial
Firm Fixed Price
Fixed Price w/ EPA
Fixed Price Incentive
Fixed Price Level of Effort
Well defined requirement
Lower Administrative Burden
Less Government Risk

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2
Q

Cost Reimbursment

A

Cost Plus Incentive Fee
Cost Plus Award Fee
Cost Plus Fixed Fee
More difficult to define requirement Non-Commercial, unknowns, must have cost accounting system
Higher Government Risk

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3
Q

Time & Material

A

Pay for time fixed hourly rate then cost of actual materials. Subject to a ceiling price! Can be used for commercial in limited circumstances! Unknowns about requirements , significant purchase history and many contractors

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4
Q

Labor Hour

A

Contractor does not supply materials. We pay for labor for a given task. Subject to ceiling price. Same constrains as time and materials contract

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5
Q

Contract Types what FAR Part?

A

Part 16

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CON (3 decks)

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