Under FAR Subpart 16.3, Cost Reimbursement Contracts are defined as a type of contract that permits payment of allowable incurred costs to the extent prescribed in the contract. From the discussion preparation, defend or refute the reasonableness in the use of this type of contract by government agencies. Based on your position, recommend a revision that would make use of the contract more reasonable. Then, assess what types of contracts are acceptable in government contracting. Compare and contrast the various types and provide two examples that demonstrate their necessity and use.
2 Other sources recommended to use.
1. Feldman,Steven, . Feldman’s Government Contracts in a Nutshell, 6th. Available from: Strayer University Bookshelf, (6th Edition). West Academic Publishing, 2015.
2. O’Connor, Terrence M. Understanding Government Contract Law. Available from: Strayer University Bookshelf, (2nd Edition). Berrett-Koehler, 2018.