The Complete Guide to Government Contract Types
- 4h 10m
- Kenneth R. Segel
- Management Concepts
- 2016
Everything You Need to Know About Government Contract Types
As the world's single largest buyer of goods and services, the federal government has many ways to structure its procurements. Different situations and conditions often determine the best vehicle for a particular purchase. Contracting officers must assess a wide range of factors to determine which contract type will provide the government the best value and the least risk.
The Complete Guide to Government Contract Types provides a comprehensive overview of the key government contract vehicles and types: fixed-price, cost-reimbursement, incentive, and other (which includes letter, indefinite-delivery/indefinite-quantity, and time-and-material contracts). The author first explains the selection process for contract vehicles, which is the basis for selecting the appropriate contract type for the work in question. He then presents a comprehensive, in-depth analysis of each contract type, explaining how each works best to meet certain types of requirements and conditions.
This is an essential resource for both contracting officers and contractors seeking to understand and work effectively within the nuances of contract selection and compliance.
About the Author
Kenneth R. Segel has nearly three decades of experience working with government contracts, subcontracts, purchasing, and pricing. In addition, he has worked as an executive at several Fortune 500 corporations and has conducted numerous training seminars on government contracting types. He is the author of The Government Subcontractor's Guide to Terms and Conditions.
In this Book
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Introduction
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Firm-Fixed-Price Contract
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Fixed-Price Contract with Economic Price Adjustment
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Fixed-Price Contract with Prospective Price Redetermination
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Fixed-Ceiling-Price Contract with Retroactive Price Redetermination
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Fixed-Price-Level-of-Effort Contract
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Cost Contract
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Cost-Sharing Contract
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Cost-Plus-Fixed-Fee Contract
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Cost-Plus-a-Percentage-of-Cost Contract
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Cost-Plus-Award-Fee Contract
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Fixed-Price-Award-Fee Contract
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Fixed-Price-Incentive Contract
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Cost-Plus-Incentive-Fee Contract
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Time-and-Materials and Labor-Hour Contracts
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Indefinite-Delivery Contracts
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Letter Contract
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Acronyms
