Congress’s Crystal Ball: Something Has to Give on the Budget
The Congressional Budget Office (CBO) released their preliminary analysis of the next ten years of Government spending and it isn't pretty. The...McCain’s contracting proposal makes no sense
September 28, 2008 by Matthew Potter · Comment
Filed under: Congress, Contract Awards, Department of Defense, Federal Budget Process, S&T, development program, production program
Filed under: Congress, Contract Awards, Department of Defense, Federal Budget Process, S&T, development program, production program
In the first Presidential Debate on Friday, Senator McCain restated one of his favorite reforms of government spending – require Firm Fixed Price (FFP) contracts for all work. Currently FFP contracts are used to buy hardware and services when the price and schedule are known. The contractor agrees to this as they will make profit on each unit sold. Cost Plus contracts are used for development or for things where the cost is not known. During World War II Cost Plus contracts were used almost exclusively and some abuse did occur. For R&D contracts it is hard to do a FFP as the total time and cost required to develop a system or new capability has often proved to be beyond the estimation capability of the best government or contractors can do. Senator McCain’s proposal will not work, as you will have a situation where no one will bid on the work as they know they won’t make any money on it.
See FCW.com for the story.
Top 10 Government Contracting Trends to Watch in 2010
March 21, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
VIENNA, Va.--(BUSINESS WIRE)--2010 is upon us, and so is a new decade. What will it hold for government contracting? Recently, 10 industry titans offered ExecutiveBiz their predictions. Here’s what they’re saying: Bad ideas will rise again. These include fixed price research and development contracting, says Norm Augustine, retired chairman and CEO of Lockheed Martin Corp. National security will remain a top priority. While some predict non-defense government spending will grow fasteFiled under: Syndicated Industry News
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