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Three MORE Things to Consider When Choosing Contract Types

Three MORE Things to Consider When Choosing Contract Types

GovLoop

By Craig Taylor, Senior Analyst

The original implementation of DoD’s “Better Buying Power” initiative heavily promoted the use of Firm Fixed Price (FFP) contract types.  Many federal agencies adopted this approach with the intent to control costs and limit the Government’s risk exposure on acquisitions.  This does not remove risk from the acquisition itself, and may not even reduce it.  It may simply transform it from a risk of cost to a risk of delivery.

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