Every contract starts with a simple but important choice: what contract type to use. That choice affects who takes on risk, how contractors are paid, and how work gets done. While contract type selection may seem like a small step in the acquisition process, it can have a major impact on project success. In this episode, Kevin and Paul break down what contract types are, why they matter, and how this decision helps shape mission outcomes.
We’ll walk through the basics of fixed-price, cost-reimbursement, incentive, and other contract types in a clear and practical way. Along the way, we’ll share examples that show how contract type decisions affect both government teams and contractors. Whether you’re new to government contracting or have years of experience, this episode will give you a stronger understanding of one of the most important decisions a contracting officer makes and how to make that decision with confidence.