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[Music] hello and welcome to the contracting officer podcast whether you work for government or industry were here to help you understand how the other side thinks our mission is to make government contracts better one contract at a time join us today and learn about the different types of contract incentives and why its so important for both government and industry to understand what is really being incentivized all right lets get started [Music] hey kevin today were going to talk about incentive contracts we are incentive contracts are complicated they can cost you a lot of time and money if you do them wrong and performance can be a train wreck afterwards if you dont understand them so lets go through this all right what are we talking about today instead of contracts this is the this is the good part there you have to think about the contract type continuum to understand how incentive contracts fit so on the extreme of one side theres a firm fixed price contract where the co