{
  "node_id": "us-far-part-16-types-of-contracts",
  "title": "FAR Part 16 - Types of Contracts (Fixed-Price, Cost-Reimbursement, IDIQ, and Time-and-Materials Selection)",
  "domain": "Public Sector & Government Procurement",
  "version": "1.0.0",
  "last_updated": "2026-06-01",
  "bluf": "Federal Acquisition Regulation (FAR) Part 16 prescribes the contract types available for federal procurement and the criteria for selecting among them, with the controlling principle at 16.103 that each contract file shall include documentation showing why the particular contract type was selected and (for non-firm-fixed-price contracts) the Government's additional risks, mitigation, and resource requirements: Subpart 16.2 establishes fixed-price types - firm-fixed-price (16.202) with no cost-experience adjustment, fixed-price with economic price adjustment (16.203) for specified contingencies, and fixed-price incentive (16.204); Subpart 16.3 governs cost-reimbursement types limited under 16.301 to circumstances where requirements cannot be defined sufficiently for fixed-price, including cost-plus-fixed-fee (16.306) with completion form preferred over term form; Subpart 16.5 controls indefinite-delivery contracts including indefinite-quantity (16.504) where the contracting officer must give multiple-award preference to the maximum extent practicable and contracts exceeding USD 150 million require head-of-agency single-source determination; Subpart 16.6 governs time-and-materials contracts which are not fixed-price under 16.201(b) and require a ceiling price and competitive determination-and-findings under FAR 12.207 for commercial services or 16.601 for non-commercial. Contract type selection drives risk allocation, oversight intensity, and audit requirements.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "statutory_basis",
      "risk_allocation_spectrum",
      "documentation_requirements",
      "industry_mapping",
      "ordering_period_limits",
      "audit_implications"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "us-far-part-6-competition-requirements",
    "us-far-part-15-contracting-by-negotiation",
    "us-31-usc-1341-antideficiency-act"
  ],
  "primary_citations_count": 6
}