Contract Type Clause Samples
The Contract Type clause defines the specific nature of the agreement between the parties, such as whether it is a fixed-price, cost-reimbursable, or time-and-materials contract. This clause outlines the payment structure, risk allocation, and performance expectations based on the chosen contract type; for example, a fixed-price contract sets a predetermined total price, while a cost-reimbursable contract allows for payment of actual costs plus a fee. Its core function is to establish clear terms regarding compensation and responsibilities, thereby reducing ambiguity and potential disputes over how work is billed and managed.
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Contract Type. OASIS SB is a family of Multiple Award, Indefinite Delivery, Indefinite Quantity (MA-IDIQ) task order contracts for Government-wide professional service based requirements which is available for use by all Federal agencies and other entities as listed in the current General Services Administration (GSA) Order, OGP 4800.2I, Eligibility to Use GSA Sources of Supply and Services. OASIS SB allows for all contract types at the task order level (e.g., Cost-Reimbursement (all types), Fixed-Price (all types), Time-and-Materials, and Labor-Hour). Task orders may also combine more than one contract type (e.g., FFP/Cost, FFP/Labor Hour etc.). Additionally, task orders may include incentives, performance based measures, multi-year or option periods, and commercial or non-commercial items.
Contract Type. (a) This is an indefinite delivery, indefinite quantity (IDIQ) type Contract for services with multiple pricing arrangements available for use in pricing individual Task Orders available to the Authority. The work required on the reference contract will be place through the issuance of task orders. Due to the variety of services required under the contract and the circumstances that affect their duration, the Authority anticipates using a variety of task orders at the Con- tracting Officer’s (CO) discretion consistent with the guidelines provided in Part 16 of the Federal Acquisition Regu- lations (FAR) to include Firm Fixed-Price (FFP) or Cost-Plus-Fixed-Fee (CPFF).
(b) This indefinite quantity, indefinite delivery Contract is subject to the following minimum/maximum paragraph:
(1) Minimum order. The Authority will order a cumulative minimum total of $5,000 for the lifecycle of all contracts (for all awardees combined).
(2) Maximum order. The cumulative amount of all task orders shall not exceed $45,000,000 for the entire lifecycle of the contracts awarded under this solicitation (for all awardees, combined). The ordering procedures to issue task orders are addressed under Section 6, “Process for Awarding Task Orders - Two Step Method” and Section 7 “Or- ▇▇▇▇▇▇ and Pricing Limitations” in this Exhibit E. The sum of all task orders awarded will be tracked by the Authority to ensure they do not exceed the total maximum value.
(c) There is no limit to the number of orders that may be placed under this Contract. Failure to have the prior written approval of the Capital Metro Contracting Officer will make that Task Order null and void and the Authority will not be responsible for any or all cost incurred by the Contractor for non-compliance of this paragraph.
(d) When the Authority requires supplies or Services covered by this Contract in an amount of less than $5,000.00, the Authority is not obligated to purchase, nor is the Contractor obligated to furnish, those supplies or Services under the Contract.
(e) There is no guaranteed Contract Sum for the Contract, except for the minimum order specified in (b)(1) of this paragraph.
Contract Type. Full time equivalency (FTE); and,
Contract Type full time equivalency, and
Contract Type. This Master Agreement is a Firm-Fixed-Price (FFP) contract based on labor hours under which only FFP task orders can be issued. For work performed by the Contractor’s employees and/or Subcontractor employees, the labor categories, direct-productive-labor-hours (DPLH) and fixed labor rates shall apply. The pricing per labor category shall be based on the Contractor’s offer submitted in response RFP-18-002-SW.
Contract Type. All awards made under the PROS V Program, unless otherwise stated in a solicitation, are issued as Firm-Fixed Price as defined in FAR Part 16.202. Alternate offers based on other types of contract types shall not be considered.
Contract Type. This Contract shall be:
Contract Type. This Contract shall be: X Cost Reimbursement
Contract Type. This is a Firm Fixed Price type Subcontract.
Contract Type. This Contract is for a bed space within a University housing facility and not for a particular room or type of housing. This Contract is personal to Resident and not transferable or assignable to another person. By signing this Contract, ▇▇▇▇▇▇▇▇ agrees to accept their room assignment, and understands that this assignment may change during the Summer term.