Best Business Practices for Fixed-Price Contracting

Abstract

The Under Secretary of Defense, Acquisition, Technology, and Logistics (USD (AT&L)) who, in an effort to reduce acquisition program costs, requested the Defense Business Board (DBB) form a Task Group to provide recommendations on how the Department of Defense (DoD) might better utilize fixed-price contracts. He asked the Board to consider the use of fixed-priced contracting across the full spectrum of the acquisition life cycle and provide recommendations, based on best business practices, on when and how fixed-price contracting might provide savings and reduce risk. He also requested the Task Group develop a rule set for using fixed price contracts rather than other contract types, and particularly, consider the use of an appeals review and/or process within the rule set to help the DoD assure optimum contract type selections. A copy of the official Terms of Reference (TOR) may be found at Appendix A.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 2010
Accession Number
ADA524722

Entities

People

  • Mark Ronald
  • Mel Immergut
  • Neil Albert
  • Pierre Chao

Organizations

  • Defense Business Board

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Aircrafts
  • Commerce
  • Contract Administration
  • Contractors
  • Contracts
  • Cost Reimbursement Contracts
  • Department Of Defense
  • Fixed Price Contracts
  • Governments
  • Life Cycles
  • Logistics
  • Military Acquisition
  • Procurement
  • Test And Evaluation
  • Training
  • Weapon Systems

Readers

  • Defense Acquisition Program Management
  • Government Contracting/Procurement.