Block Buy Deals Can Slash DOD Costs, Agency Reports

Law360, New York (June 19, 2012, 9:50 PM EDT) -- Switching from traditional year-to-year contracts to bulk purchases or multiyear procurements can reduce Department of Defense costs by allowing contractors and the government to improve their long-term planning, the Congressional Research Service recently reported.

Multiyear procurement and block buy contracting are special contracting mechanisms used for a limited number of DOD acquisition programs, at congressional direction. In planning for future acquisitions, Congress must weigh the potential cost savings from multiyear procurements and block buy contracting against the flexibility of contracts with option years, the Congressional Research...
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