Topic II: Contract Types and Structuring provides insight into all areas of FAR Part 16 and Types of Contracts (including fixed price, cost-reimbursement, and time and materials). Learn the financial mechanisms of these major contract types, as well as contracting arrangements for task order contracts such as Indefinite Delivery Indefinite Quantity (IDIQ). Understand the incentive mechanisms for use in government contracts. Gain insight into contractual payment mechanisms such as Contract Line Item Numbers (CLIN) liquidation and the payment clauses that relate to each contract type. Explore risk allocations between the contracting parties, open and limited liability provisions, and the various features related to unilateral government contract options.
Course:
Understanding Procurement and Contract Types
Topic I: Understanding the Government Procurement System will give you a working knowledge of the Federal Government Procurement System with an overview of how the U.S. Government acquires goods and services. The life cycle of this acquisition process begins with congressional funding appropriations and ends with contract closeouts. Learn the different bidding and contracting techniques in four parts of the Federal Acquisition Regulation (FAR 12, 13, 14, and 15). Gain a working knowledge of the Uniform Contract Format (UCF) and the roles and responsibilities of the major government participants from a contractor's perspective. Session:
C2510035