Contract Types: An Overview of the Legal Requirements and Issues

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Our Price: $20.00

By Kate M. Manuel
Year: 2010
Pages: 26
Binding Paperback
ISBN 9781437942446

Product Code: 143794244X

Description

Federal procurement contracts are divided into 2 types — fixed-price and cost reimbursement -- that differ as to whether the gov’t. or the contractor assumes the risk of increases in costs (e.g., wages, materials). There was an increase in the use of cost-reimbursement contracts during the George W. Bush Admin. The Obama Admin. wants to reduce by at least 10% the funds obligated in FY 2010 by “high risk-contracting authorities,” such as cost-reimbursement, time-and-materials, and labor-hour contracts. Contents of this report: Intro.; Selecting the Contract Type; Types of Contracts; Recently Enacted and Proposed Legislation; Executive Branch Initiatives; Developments Re: Contract Types, 107th-110th Cong. A print on demand report.

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