New Review Proposed For Commercial T&M Contracts

Law360, New York (September 27, 2010, 3:31 PM EDT) -- Federal contracting councils proposed Monday to require contracting officers to provide detailed justification every time they wish to enter into riskier time-and-materials or labor-hour contracts to acquire commercial services through the General Services Administration schedule program.

The rule was jointly published in the Federal Register by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council, in conjunction with the U.S. Department of Defense, the GSA and NASA.

The U.S. government spends more than $10 billion each year on commercial services through time-and-materials contracts, which...
To view the full article, register now.