Panel: Despite Congressional Efforts, Fixed-Price Contracts Still a Long Way Off

By Carlo Muñoz / March 3, 2009 at 5:00 AM
Despite new legislation designed to push the Pentagon to use more fixed-price type contracts in its acquisition process, their exclusive use is still a long way off, a panel of former senior department officials told lawmakers today. Testifying before the Senate Armed Services Committee, former DOD procurement chiefs Jacques Gansler and Paul Kaminski said the unpredictability in cost and schedule commonly associated with big-ticket procurement programs made the consistent use of fixed-price contracts a challenge. Former DOD Director of Testing...

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