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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-Plus-Incentive-Fee (CPIF) contract Cost-Plus-Award-Fee (CPAF) contract Cost-Plus-Fixed-Fee (CPFF) contract Thanks for watching! ❓ QUESTION – Have a question about federal government contracting, how to become a government contractor, how to sell your product or service to the government, how to get certified and win small business set-aside contracts, how to find federal contract opportunities, and how to win government contracts for your small business? Post in the comments section of this video and I’ll respond as quickly as possible. 🔔 Support the channel by subscribing to FedAccess here: https://www.youtube.com/c/FedAccess?s... Follow me on Facebook:   / fedaccess   types of government contracts types of construction contracts government contract types types of contracts in business types of contracts in project management FAR government contract types contract types in procurement types of government contracts for small business government contract types risk government contract types training federal government contract types government procurement contract types government construction contract types contract types for small business project contract types in project management cost reimbursement contract advantages and disadvantages fixed price contract advantages and disadvantages cost plus contract advantages and disadvantages #contract #smallbusiness #entrepreneur DISCLAIMER Any use of other media is fair-use only. I am not a CPA or attorney and the information provided in these videos should not be construed or relied on as tax, financial, or legal advice. This video is designed for entertainment purposes only.