What are "cost-reimbursement contracts" classified under in FAR?

Cost-reimbursement contracts are classified under Part 16.3 of the Federal Acquisition Regulation (FAR). This section specifically addresses various types of contracting arrangements, including cost-reimbursement contracts, which are designed to provide full reimbursement to contractors for their allowable costs incurred in performance of the contract.

Part 16.3 outlines the primary characteristics and the fundamental principles that govern these types of contracts, including the various subtypes like cost-plus-incentive-fee contracts and cost-plus-fixed-fee contracts. This part highlights the necessity of cost-reimbursement contracts when uncertainties may make it difficult to estimate the costs of contract performance in advance, thus allowing for flexibility in terms of budgeting and funding against actual costs incurred.

The other options pertain to different aspects of federal contracting; for instance, Part 15.404 deals primarily with proposals and cost pricing, Part 19 focuses on small business programs, and Part 6 discusses competitive requirements. Therefore, while those sections are important, they do not specifically address cost-reimbursement contracts as Part 16.3 does.