Question: Please answer the following questions fully and completely giving support for your answers. 5. Compare and contrast Fixed Priced Contracts, Cost Reimbursement Contracts and Indefinite

Please answer the following questions fully and completely giving support for your answers.

5. Compare and contrast Fixed Priced Contracts, Cost Reimbursement Contracts and Indefinite Delivery Contracts. How do they differ and what are the intended uses each type of contract?

6. Agency issued RFQ (request for quote) for a contractor to provide program analysis and strategic support (PASS) to identify technology, operational support, and improvement of programs. The contractor needs an understanding of the agency's technologies, projects, programs, practices, policies, and procedures and the ability to promptly respond to challenging and changing requirements. The RFQ contemplated a single-award under a fixed-price, time-and-material, or hybrid task order. The award would be a 1-year base and four 1-year option period with an estimated value of $350M. If you are the CO what evaluation factor would you include in the RFQ and why? Include both Price and non-price factors and their respective level of importance and ranking.

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