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6:07 pm, December 22, 2014

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Search Tags:  time-and-materials contracts

IG: Patent and Trademark Office wasted $24 million on labor contracts

Slipshod administration led the Patent and Trademark Office to spend at least $24 million on risky labor contracts for unknown reasons, according to a report by the Commerce Department inspector general.

Tags: inspector general , contract oversight , contracting , high-risk contracts , PTO

Monday - 12/08/2014, 11:27am EST

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 , Cost reimbursement contracts , labor hours contracts , Jason Miller

Tuesday - 07/12/2011, 07:02am EDT
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