FAR

Indefinite Delivery Contracts

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Frequently, the government can specify accurately what it intends to purchase but cannot define the delivery dates or the quantities. There are three types of these contract vehicles guided by Federal Acquisition Regulation 16.5: definite-quantity contracts, requirements contracts, and indefinite-quantity contracts. They are used when the buying agency cannot determine a specified minimum, or the … Read more

Contract Types Part 1 – Firm Fixed Price and Cost Reimbursement

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There are many contract types and many paths to being a successful vendor. Today we will discuss the top contract types. Contract types are prescribed by Federal Acquisition Regulation or FAR Part 16, aptly titled Contract Types. The selection of a contract type requires negotiation and the exercise of good judgment. A contracting officer generally … Read more