Contract Types: An Overview of the Legal Requirements and Issues

Contract Types: An Overview of the Legal Requirements and Issues

Date: October 1, 2010
Creator: Manuel, Kate M.
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.
Contributing Partner: UNT Libraries Government Documents Department