Understanding Contract Types

In this episode I discuss the different types of contracts and contract vehicles to help users understand what might best meet their needs. Relevant FAR Sections: https://myfar.io/parts/16 13 Simplified Acquisitions 16 Types of Contracts 16.1 Selecting Contract Types 16.2 Fixed-Price Contracts 16.3 Cost-Reimbursement Contracts 16.4 Incentive Contracts 16.5 Indefinite-Delivery Contracts 16.6 Time-and-Materials, Labor-Hour, and Letter Contracts 16.7 Agreements 35 Research & Development