Your company has a contract with a U.S. Government agency. Under this prime contract, you must place orders for materials or services a subcontract. The prime contract is a cost plus award fee contract. What type of subcontract must you issue? How do you determine this?
Cost plus award fee? Or can you issue a cost plus fixed fee? How about a firm fixed price subcontract or some other appropriate type of order for the type of work you are buying? Are task orders under an ID/IQ separate contracts; should you use a letter contract to avoid delays in authorizing work?
Learn the answers to this and to the key features of types of contracts/subcontracts and the advantages or disadvantages of each. Look at the risks of subcontractor performance, costs, and schedule compliance while balancing the management and administration of each.
This webinar will cover the above and address questions relating to:
How much profit can you pay a subcontractor?
Can you use a different type of subcontract than the prime?
Is a cost-plus-fixed-fee easier to manage and more flexible?
What is the Governments role in the subcontract?
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