U.S. Government Contract Types 101

MDAPEX
Dec 1
1 min read

Source: BDO

Key Takeaways:

There are three common U.S. government contract types: Firm Fixed-Price, Cost-Plus, and Time and Materials contracts.

From a contractor’s perspective:
- Firm Fixed-Price contracts are high financial risk, low compliance risk, and have a low administrative burden.
- Cost-Plus contracts are low financial risk, high compliance risk, and have a high administrative burden.
- Time and Materials contracts are moderate financial risk, moderate compliance risk, and have a moderate administrative burden.

Beyond these three contract types, there are multiple other contract structures, all with unique requirements that contractors must take into consideration when bidding.

Click HERE to learn more.

Recent Posts

See All

Federal court blocks Trump administration’s plan to scrap 4 small agencies

Source: FDN The Trump administration’s plans to shutter four small agencies are indefinitely on hold, following a court’s recent ruling. A federal judge in Rhode Island issued a permanent injunction

DOD Finalizes CMMC Rules, Adding Cybersecurity and False Claims Act Compliance Risks

Source: MORGAN LEWIS The long-anticipated Cybersecurity Maturity Model Certification (CMMC) requirements begin to take effect on November 10, as the US Department of Defense (DOD) published its Defen

Federal Contracts: Reliable Revenue for Small Businesses. Until a Shutdown

Source: U.S. CHAMBER For over 80 years, the U.S. government has made it a priority to ensure that America’s small businesses receive a fair proportion of federal contracts. For many small businesses,

Comments