Description
This course is a one- or two-day offering. This elective course will provide you with a basic understanding of various types of contracts used in the Federal Government. You will learn the best application of each type of contract, as well as the benefits and drawbacks they present to the government and the contractor. With this knowledge, you will be able to plan better with your acquisition team by selecting the correct contract type for your requirements within your organization.
Learning Objectives
- Identify types of contracts – fixed price vs. cost reimbursable
- Determine the appropriate contract type for any given scenario
- Assess the tools, risks, and consequences associated with each contract type
- Identify the contracting officer’s responsibilities in determining the contract type
- Understand how to deal with recurring requirements
- Differentiate between risk and incentive when selecting a contract type
NCMA Competencies
A.1, A.2, A.3, B., B.1, C.1, C.2, C.3, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1, 2.2
Course ID
TYPE CON 1-EL
TYPE CON2-EL
Length
1 or 2 Days
CLPs
8 or 16
PDUs
8 or 16
Modality
In-person
Virtual