Write a four to five (4-5) page paper that explores the pros and cons of different types of contracts from both the contractor’s perspective as well as that of the federal government. The paper should include the following:
Analyze the benefits and drawbacks of fixed-price contracts from the perspective of a contractor.
Analyze the benefits and drawbacks of cost-reimbursement contracts from the perspective of the federal government.
Discuss which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for contractors and explain why.
Select one “other” contract type (neither fixed-price nor cost-reimbursement) and explain its pros and cons from the perspective of the federal government.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Compare and contrast fixed-price contracts and cost-reimbursement contracts.
Examine other contract types commonly used in federal contracting.
Use technology and information resources to research issues in contract administration and management.
Write clearly and concisely about contract administration and management using proper writing mechanics.