The Senate Armed Services Committee wants to repeal a law that previously set a preference at the Defense Department for fixed-price contracts to help control the ballooning costs of large acquisition programs. The committee, in the report accompanying its version of the fiscal year 2022 defense authorization bill, says the reasoning behind an FY-17 provision establishing the preference for fixed-price contracts at DOD is sound, but too broadly used. “The committee notes that the preference for fixed-price contracts was originally...
