Fixed-Price Contracts No Cure-All For Cost Increases: DOD

Law360, New York (July 11, 2013, 8:10 PM EDT) -- The Department of Defense said Wednesday that it has made progress slowing the overall escalation of costs for new weapons contracts, but found that its fixed-price contracts, which have been emphasized as way to decrease costs, did not show significantly lower growth than cost-reimbursable contracts.

The DOD attempted to crunch the numbers on decades worth of major acquisitions in order to find patterns in the cost growth of its weapons programs, and released the first in a series of planned annual acquisition reports on Wednesday. The...
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