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Business/Financial

DoD To Back Off Push For Type of Fixed-Price Contract

Julie Samuel

Thursday, September 20th, 2012

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The Pentagon overreacted when it emphasized its desire for a variety of fixed-price contract with industry and will acknowledge the need for varied types of business deals in a new acquisition effort, a senior official said. Under Secretary of Defense for Acquisition, Technology and Logistics Frank Kendall provided more details yesterday about “Better Buying Power 2.0,” an updated version of a program to make the defense acquisition system more efficient that Deputy Defense Secretary Ashton Carter created two years ago. Kendall said…

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