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Types of Contract Slideshare

Although more than a dozen types of contracts are described in the Federal Acquisition Regulation (FAR) Part 16External, the following table highlights the types of contracts most commonly used by CDC. Other types of contracts include incentive contracts, time and material contracts, hourly employment contracts, open-ended supply contracts and letter contracts. This wide range of contract types is available to government and contractors to provide flexibility in the procurement of the wide variety and volume of supplies and services required by agencies. The types of contracts vary according to: There are six different types of contracts, they are: 1.Valid contract 2.Null contract 3.Null contract 4.Unenforceable contract 5.Illegal contract 6.The type of conditional contract is a term used to identify differences in the structure or form of the contract, including indemnification agreements and the amount of risk (for the government or for the contractor). Federal government contracts are generally divided into two main types, the fixed price and the refund. SlideShare uses cookies to improve functionality and performance and to provide you with relevant advertising. By continuing to browse the site, you accept the use of cookies on this site. See our Terms of Use and Privacy Policy. The SlideShare family has grown even further. You now have unlimited* access to Scribd`s books, audiobooks, magazines and more. Create your free account to read an unlimited number of documents. .