Types of Contracts Exercise This week's exercise will identify opportunities to utilize the different types of contracts within your Week 2 Business Case project. The instructions are within the attac

TYPES OF CONTRACT EXERCISE

Instructions: Within the context of your Week 2 Business Case project you will address and identify the different types of contracts that are available for supply chain management.

You will copy and paste the Business Case from Week 2.

For each of the six (6) contract types below you will provide a description of each contract type and then identify where each of the contract could be utilized within your project. These need to be specific examples and explain why the specific contract type would be ideal for these supplies (goods or services). There is no word minimum but each should cover the required material and provide the specific information sought.

Business Case:

Fixed-Price Contracts

Firm-Fixed-Price (FFP) Contract:

Fixed-Price-Incentive-Fee (FPIF) Contract:

Fixed-Price-Economic-Price-Adjustment (FP-EPA) Contract:

Cost-Reimbursable Contracts

Cost-Plus-Fixed Fee (CPFF) Contract:

Cost-Plus-Award-Fee (CPAF) Contract:

Cost-Plus-Incentive Fee (CPIF) Contract: