Tag Archives: fixed price contract

DoD Proposes New Rule on Performance-Based Contract Payments

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The Department of Defense has proposed a new rule to address the use of performance-based payments in contracts, Federal News Network reported Tuesday. According to the report, the proposed rule would subject all fixed-price contracts to performance-based payments to help companies manage their cash flow and reduce compliance and oversight costs.

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Report: DoD Launches New Competitive Method to Buy ‘Innovative’ Commercial Tech, Services

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The Defense Department has released a memorandum that would authorize contracting officers to use a competitive procedure to procure “innovative” commercial technologies and services as part of a four-year pilot program in a move to encourage participation from non-traditional contractors, Federal News Radio reported Tuesday. DoD’s acquisition officials will release …

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GAO: DoD’s Contract Awards to Minority-, Women-Owned Businesses Hit $230B in FY 2010-2016

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The Government Accountability Office has found that the Defense Department awarded approximately 444,500 contracts valued at more than $230 billion to women- and minority-owned businesses between fiscal years 2010 and 2016. GAO said in a report published Monday fixed-price contracts for goods and services represented at least 80 percent, or approximately $184 …

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GAO: Defense Agencies’ Spending on Contracts Dropped 32% in Fiscal 2015

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The Government Accountability Office has analyzed governmentwide contracting data from the Federal Procurement Data System-Next Generation database and found that spending on contracts at defense agencies declined by about 32 percent from $399 billion in fiscal year 2011 to $274 billion in FY 2015. GAO said in a report released Thursday that civilian agencies’ …

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Deborah Lee James: Air Force Considers to Waive Fixed-Price Requirement in 2017 NDAA for JSTARS Replacement Program

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Air Force Secretary Deborah Lee James has said the service branch has begun to consider whether to use a provision in the fiscal 2017 defense policy bill to waive a fixed-price contract requirement for the Joint Surveillance Target Attack Radar System aircraft replacement program, Defense News reported Friday. “There is …

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