• Funding type: A fixed-price contract awarded through a competitive process.
• What “fixed-price” means: You are paid a set amount for defined deliverables, regardless of your actual costs. You carry the risk of cost overruns but can keep any savings.
• What “competitive” means: Multiple bidders submit proposals; the award goes to the most competitive offer (often based on price, qualifications, and approach/best value).
• What to prepare: A clear scope, timeline, d… Show More

This contract was both fixed-priced and competitive