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Business/Financial

New Obama Contracting Reforms Emphasize Fixed-Price Contracts

DDN

Wednesday, October 28th, 2009

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By Emelie Rutherford The White House issued federal-contracting guidance yesterday regarding using fixed-price contracts over cost-plus arrangements. A congressional contracting-oversight panel plans to hold a hearing today to scrutinizing the new guidelines from the Office of Management and Budget (OMB). The "Guidelines for Increasing Competition and Structuring Contracts for the Best Results" were issued yesterday to acquisition officers and procurement executives in the Department of Defense and throughout the federal government. OMB documents point to a May 4 memo from President…

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