Contract Types: An Overview of the Legal Requirements and Issues

Manuel, Kate M.

Library of Congress. Congressional Research Service.

关键词: Business;    Contracts;    Public contracts;    Government procurement;    Defense economics;   

RP-ID  :  R41168
RP-ID  :  R41168_2010Oct01

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides an overview of the various contract types (e.g., fixed-price, cost-reimbursement) used in federal procurement and the legal requirements and issues pertaining to each. Current congressional and public interest in contract types is, in part, an outgrowth of the reported increase in the use of cost-reimbursement contracts during the George W. Bush Administration1 and the Obama Administration's proposal to reduce by at least 10% the fundsobligated in FY2010 by "high risk-contracting authorities," such as cost-reimbursement, time-and-materials, and labor-hour contracts.