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Compare and contrast the various types and provide two examples that demonstrate their necessity and use.

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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 … Read more