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Grants, Contracts, RFAs, and RFPs. 1  A grant is a funding mechanism for a particular scientific inquiry that you generate. 2  In contrast, a contract is a funding mechanism of government agencies or other organizations to obtain specified services or goods.
Government contracts belong to two general. categories: fixed-price and cost-reimbursement. The contract type defines the expectations, obligations, incentives and rewards for both. the government and the contractor during an. acquisition. The contract type also dictates: â¢ The degree and timing of the responsibility.