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Fixed price contracting the future in Army?
Tuesday - 3/15/2011, 3:37pm EDT
The Obama administration has been pushing for more fixed price contracting, Executive Gov reports.
But Army acquisition chief Malcolm O'Neill says fixed price contracting is pushing firms to intentionally bid high to offset risk.
The Office of Management and Budget wants agencies to cut their use of cost-reimbursement, time-and-materials, and sole-source award contracts by 10 percent.
This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.