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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 , Cost reimbursement contracts , Firms fixed price contracts , acquisition reform ,

Friday - 10/30/2009, 07:35pm EDT