Final answer:
For FAR Part 14-Sealed-bid contracts, a firm-fixed-price contract or invitation for bid (IFB) is typically used. This method is appropriate when awarding contracts based on price and when competition among bidders is expected.
Step-by-step explanation:
The type of contract used for FAR Part 14 - Sealed-bid contracts is typically a firm-fixed-price contract or an invitation for bid (IFB).
Under FAR Part 14, the sealed bidding method is used when conditions are appropriate for acquiring goods or services where the award will be made based solely on price and other price-related factors, and it is anticipated that multiple responsive and responsible bidders will compete.
The firm-fixed-price contract is most suitable for situations where the costs and risks associated with a project are well understood, and the scope of work is clear, thereby allowing contractors to accurately price their bids.