Name: Type of Contract
Screen Name: Type of Contract
Definition: The type of contract as defined in FAR Part 16 that applies to this procurement.
FAR/DFARS: FAR Part 16; DFARS 253.204-70(c)(5)
Length: 1
Required: Mandatory
Values:
The following apply to all Awards and IDVs
A Fixed Price Redetermination
B Fixed Price Level of Effort
J Firm Fixed Price
K Fixed Price with Economic Price Adjustment
L Fixed Price Incentive
M Fixed Price Award Fee
R Cost Plus Award Fee
S Cost No Fee
T Cost Sharing
U Cost Plus Fixed Fee
V Cost Plus Incentive Fee
Y Time and Materials
Z Labor Hours
The following apply to IDVs only:
1 Order Dependent (IDV allows pricing arrangement to be determined separately for each order)
The following apply to Awards only:
2 Combination (Applies to Awards where two or more of the above apply)
3 Other (Applies to Awards where none of the above apply)
FPDS Legacy: Currently collected; PEC approved
Instruction: Enter the code that best describes the contract type.