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Special Situation Contracts

April 13, 2006

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There are also special types of contracts, including:

• Time and material: Direct labor hours expended are reimbursed at fixed hourly rates, which usually include direct labor costs, indirect expenses and profit. Material costs are reimbursed at actual cost plus a handling charge, if applicable. (See FAR 16.601)
• Labor hour: Direct labor hours expended are reimbursed at a fixed hourly rate, usually including all cost and profit. (See FAR 16.602)
• Definite-quantity: The contract quantity is defined, but the delivery schedule is flexible. Payment is made on some form of fixed-price basis. (See FAR 16.502)
• Requirements: Actual delivery schedules and quantities are flexible during the contract period. Payment is based on a predetermined fixed-price basis. (See FAR 16.503)

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