SU-108 – Understanding the Differences Between Fixed and Cost Contracts
For small businesses wanting to do business with the federal government, it is very important they clearly understand the difference between fixed price and cost reimbursement contracts. The differences are major. When the government makes an awards, it will fall into one of these two families of contracts. This course will introduce these two contract types and discuss the fundamental differences so the student becomes intimately familiar with each type. The course will focus in on the characteristics of each contract type together with what is important for the SB to know before and during the solicitation and performance phases of the acquisition.