Contract Types: An Overview of the Legal Requirements and Issues

Description:

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 funds
obligated in FY2010 by "high risk-contracting authorities," such as cost-reimbursement, time-and-materials, and labor-hour contracts.

Creator(s): Manuel, Kate M.
Location(s): United States
Creation Date: October 1, 2010
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Author):
Manuel, Kate M.

Legislative Attorney

Publisher Info:
Place of Publication: Washington, D.C.
Date(s):
  • Creation: October 1, 2010
Coverage:
Place
United States
Description:

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 funds
obligated in FY2010 by "high risk-contracting authorities," such as cost-reimbursement, time-and-materials, and labor-hour contracts.

Physical Description:

26 pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
Resource Type: Report
Format: Text