What Are Contract Types

Contract type is a term used to signify differences in contract structure or form, including compensation arrangements and amount of risk (either to the government or to the contractor). … The amount and nature of the profit incentive offered to the contractor for achieving or exceeding specified standards or goals.

What are the 4 types of contracts?

• Fixed-price contract. …
• Cost-reimbursement contract. …
• Cost-plus contract. …
• Time and materials contract. …
• Unit price contract. …
• Bilateral contract. …
• Unilateral contract. …
• Implied contract.

What are all the types of contracts?

• Valid Contracts. …
• Void Contract Or Agreement. …
• Voidable Contract. …
• Illegal Contract. …
• Unenforceable Contracts.