Final answer:
There are several contract types that can be used for the acquisition of commercial items, including fixed-price contracts, cost-reimbursement contracts, and indefinite delivery/indefinite quantity (IDIQ) contracts.
Step-by-step explanation:
There are several contract types that can be used for the acquisition of commercial items. Some of these contract types include:
- Fixed-price contracts: These contracts establish a set price for the acquisition of commercial items. The price remains consistent regardless of the actual costs incurred by the seller.
- Cost-reimbursement contracts: These contracts allow the reimbursement of the seller's costs, plus a predetermined fee or profit.
- Indefinite delivery/indefinite quantity (IDIQ) contracts: These contracts provide flexibility in acquiring commercial items by establishing a broad scope of work and a predetermined quantity, with specific delivery dates and prices negotiated as needed.
These are just a few examples of the contract types that can be used for the acquisition of commercial items.