Description:
Contracting professionals must balance risk to select a contract type that results in reasonable contractor risk and provides incentive for efficient and economical performance. The FAR lists over 15 contract types—each with different allocation of risk, incentive, and management requirements. This course provides an overview of each of these contract types. Students will also demonstrate understanding of these contract types by completing a contract type selection based on a real solicitation.
Intended Audience: Government contractors, contract managers, contract professionals
Level of Difficulty: Beginner
Learning Objectives:
- Discuss different contract types
- Define firm-fixed-price contracts
- Apply differentiating factors and regulatory guidance to guide contract type selection for fixed price contract types
CMBOK Competencies:
Credits: 1 CPE/CLP
Cost: $60 member / $70 non-member