Search Tags:  Cost reimbursement contracts

Agency use of cost reimbursement contracts skyrockets, GAO finds

Auditors say agencies spent $136 billion on cost type contracts in 2008, up $16 billion since 2003. OMB wants to cut the use of these contracts by 10 percent in 2010.

Tags: contracting , management , Jeffrey Zients , GAO , OMB , OFPP , Stan Soloway , Professional Services Council , Firms fixed price contracts , acquisition reform , FPDS-NG

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GAO: Cost reimbursement contracts not always best choice for agencies

The congressional watchdog's recently released report outlines possible changes to process.

Tags: management , contracting , GAO , John Needham

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Agencies slowly moving to fixed-price contracts

A new report from OFPP finds agencies spent a billion dollars less on time-and-materials and labor hours type contracts in 2010. Still, OFPP found an overall increase in cost-reimbursement type contracts. Agencies have a goal to reduce by 10 percent these types of contracts, which the administration calls risky.

Tags: contracting , Dan Gordon , OFPP , NASA , Commerce , time-and-materials contracts , labor hours contracts , Jason Miller

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