What type of contract may be used for emergency acquisitions requiring immediate performance?

Letter contracts are specifically designed to address situations that require immediate procurement action. These contracts allow for the establishment of an agreement to provide goods or services quickly, even when the exact terms cannot be finalized right away. Generally, a letter contract will be used when there's an urgent need that precludes the normal procurement process, and it allows the government to quickly initiate performance while detailed terms are developed.

The use of letter contracts helps ensure that essential work can begin immediately, particularly in emergency situations, while still providing a pathway for negotiating the final contract details. This capability is crucial in scenarios involving crises or unexpected needs, where waiting for a standard contract to be completed could lead to significant disruptions or delays.

Other types of contracts may not accommodate the same level of urgency. Standard contracts typically involve a longer negotiation period for terms and conditions and are not designed for expedited situations. Firm-fixed price contracts and cost-plus contracts involve detailed pricing strategies and terms that may not be suitable for immediate needs, as they require more thorough cost evaluations and negotiations prior to performance.