Cost plus allows so many contractors to rip off the American Taxpayer...have you ever seen how lavish some of them live over there when our soldiers are sleeping in tents?
There is nothing wrong with cost-plus contracting, but like any contract it requires oversight. If a contractor meets the terms of their contract, they deserve to have their expenses reimbursed, and make a profit.
Fixed price contracts are no better as they also waste money... the contractor just sets their price way above their costs to guarantee a large profit.
The government is always cancelling or altering defense contracts, so cost-plus is only fair to contractors.
Cost plus allows so many contractors to rip off the American Taxpayer...have you ever seen how lavish some of them live over there when our soldiers are sleeping in tents?
aaronkboothe 2 years ago
There is nothing wrong with cost-plus contracting, but like any contract it requires oversight. If a contractor meets the terms of their contract, they deserve to have their expenses reimbursed, and make a profit.
Fixed price contracts are no better as they also waste money... the contractor just sets their price way above their costs to guarantee a large profit.
The government is always cancelling or altering defense contracts, so cost-plus is only fair to contractors.
siclos 2 years ago