Types of Federal Contracts

Contract Types Simplified: Fixed-Price, Time-and-Materials, and Cost-Plus

Learn the three main types of contracts – fixed-price contracts, cost-plus contracts, and time-and-materials contracts – and the advantages and disadvantages of each. Different types of contracts explained in this video: Firm-Fixed-Price (FFP) contract Time-and-Materials (T&M) contract Labor-Hour contract Cost-Reimbursement contract Cost ...

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