Which FAR part discusses special contract types?

FAR Part 16 is specifically dedicated to discussing special contract types. This part covers various types of contracts that can be used in federal acquisitions, including fixed-price contracts, cost-reimbursement contracts, incentive contracts, and time-and-materials contracts, among others.

The importance of Part 16 lies in its provision of guidelines on when to use these different contract types based on the nature of the acquisition and the expected level of risk involved. Each contract type has unique characteristics and implications for both the government and the contractor, which are essential for effective contract management and performance.

In contrast, other parts mentioned do not specifically address special contract types. For example, Part 14 deals with sealed bidding, while Part 15 is focused on contracting by negotiation. Similarly, Part 17 pertains to special contracting methods but does not delve into the specifics of contract types as comprehensively as Part 16. Understanding the nuances of Part 16 is crucial for making informed decisions in federal contracting practices.