Types of Contracts

Course ID

TYPE CON-EL

Continuous Learning Points (CLPs)

8

Course Length

1 Day

Modality

In-Person 

Virtual

Rating

Testimonial

"Great class! Really enjoyed the exercises while gaining my contract hours." – 2019 participant

Description

This one-day, elective course provides participants with a basic understanding of various types of contracts used in the Federal Government as well as the best application of each for the benefit of the government and for the contractor.

Learning Objectives

• Identify types of contracts – fixed price vs. cost reimbursable
• Examine and evaluate the use of fixed price contract types including: firm fixed price (FFP), fixed price with economic price adjustment (FPEPA), fixed price award fee (FPAF), fixed price prospective re-determinable (FPPRD) and fixed price incentive (FPI)
• Examine and evaluate the use of cost reimbursable contract types including: cost plus fixed fee (CPFF), cost plus incentive fee (CPIF), cost plus award fee (CPAF), cost or cost sharing (C/CS)
• Examine and evaluate the use of time & materials (T&M) contract types

Pre-Requisites

None