Firm Fixed Price is one of my favorite types of contracts to bid on with the federal government. Through my own journey as a government contractor, I’ve learned about various types of contracting vehicles the government uses. Throughout your time as a government contractor, you’ll probably encounter all of the various types of contracting vehicles. The SAD PART is many small business owners get used to one type of contract and that is the only type they seek.
Learning the various types of contracting vehicles being used will help you understand what you’re bidding, the impact your price will have, and your level of responsibility with what you say you will and can do and at what price. Hit play and watch this video and see what I’m talking about.
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