Week 5.docx

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Week 5: Feb 8 – Feb 14 Week #5 Learning Activities Utilize this week’s reading assignments to respond to the questions for Week #5 Learning Activities: Learning Activity #1 Fixed Price Contracts FAR Part 16: What types of acquisitions are suitable for the Firm Fixed Price Contract Type and why is this type preferred by the Government? A firm-fixed-price contract requires the contractor to effectively execute the contract and deliver supplies or services for a price agreed to up front. This is usually standard commercial type services. The government prefers this as it places 100% of the risk with the contractor. If the contractor agrees upon a set amount and it proves to cost more, they lose funds. However, if they
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