Course Description

Upon completion of this course, you will be able to understand the differences between Fixed Price and Cost Reimbursement contracts, the two major contract categories used by the federal government. You will also learn about the multiple types of contracts within each of these categories as well as how and when they are used to procure items, services and construction.   

By dissecting each contract type, the course focuses on taking you through a step-by-step illustration of the key elements associated with each type of contract and the implications they have on you should you be awarded a contract.   

What you will learn in this course: 

  • About 4 types of fixed price contracts and 5 types of cost reimbursement contracts 

  • The specific features of each type and what makes them unique

  • Three other commonly used contract types which don’t fall neatly within each of the two major categories

  • The key structural elements of different contract types and what the government procures using a specific type of contract

  • How risk plays a major part in the selection of the contract type and the potential effects on you  during contract performance

  • How to determine whether you are prepared to work within limitations and/or risks associated with a particular contract type

Bennie Gonzales

Bennie Gonzales has over 35 years of procurement experience working as a Contracting Officer at Nevada’s Nellis Air Force Base and later at Los Alamos National Laboratory (LANL) where he served as the Acquisition Manager for the Special Nuclear Materials Laboratory project.   He currently trains and instructs DoD and civilian agency Contracting Officers enrolled in Level I, II and III Federal Acquisition Certification-Contracting (FAC-C) programs as well Contracting Officer's Representative (FAC-COR) certification program and provides consulting services to small business firms in the area of acquisition, contract administration and/or proposal development. Among his many accomplishments, Mr. Gonzales: Placed and administered the Department of Energy’s single largest cost-plus-award-fee subcontract for support services, a 1.5 billion dollar procurementDeveloped an Acquisition Career Management Program; the first formal training program for procurement professionals at Los Alamos National Laboratory which was recognized and accredited by the American Council on Education (ACE) and the Defense Acquisition University (DAU)Established the first ever HUB-Zone certification program and LANL’s Outreach/Inreach Small Business ProgramAuthored a proposal preparation guide entitled: A Guide to Developing Winning Proposals

Course curriculum

  • 1

    Chapter Slides

    • Chapter 1 Slides

    • Chapter 2 Slides

    • Chapter 3 Slides

    • Chapter 4 Slides

    • Chapter 5 Slides

  • 2

    Additonal Resources

    • Chapter Links & Resources

  • 3

    Course Lectures

    • Introduction to the course

    • Chapter 1: Definitions

    • Chapter 2: Risks

    • Chapter 3: Fixed Price Contracts

    • Chapter 4: Cost Reimbursement Contracts

    • Chapter 5: Other Contract Types

    • Course Exam