Which of the following statements about contract types is NOT true?

The statement indicating that cost reimbursement contracts require less monitoring than other types is not true. In fact, cost reimbursement contracts generally require more monitoring due to their nature. These contracts involve the reimbursement of allowable incurred costs, which necessitates thorough oversight to ensure that expenses are reasonable, allowable, and within the contractual scope. The complexity and variability of costs in these contracts lead to a higher need for monitoring to prevent cost overruns and to ensure compliance with budgeting and performance requirements.

On the other hand, the other statements provide accurate information about contract types. All contracts indeed require monitoring by the Contracting Officer Representative (COR) to ensure compliance with the terms laid out, quality of service, and adherence to deadlines. Fixed-price contracts are characterized by their set prices, leading to predictable outcomes regarding total costs, which simplifies the monitoring process compared to other contract types. Lastly, time-and-materials contracts combine elements of both fixed-price and cost-reimbursement contracts, offering flexibility in pricing based on labor hours and material costs while still requiring diligent oversight.