Your organization has a requirement to build family housing in a previously undeveloped section of your base. An active environmental group has petitioned the State Department of Natural Resources to require a study of the effects of this development on the Frosted Elfin butterfly, an endangered species. Your market research indicates there is only one environmental engineering firm with the requested expertise and capability to do this effort. The results of the effort should culminate in a report outlining the population of the Frosted Elfin butterfly, its migration and mating habits, the composition of its habitat and the feasibility of moving the Frosted Elfin butterfly to another location. The government estimates that it will take a minimum of 2 environmental engineers 200 hours at an estimated rate of $250/hour to conduct the study and submit the report. What is the most appropriate contract type to use for this effort?
Firm Fixed Price
Fixed Price Level of Effort
Fixed Price Incentive Fee
Cost Plus Incentive Fee