Cost Plus Contracts: Cost Reimbursement Contracts in Government Procurement

The major two contract types in government procurement are cost reimbursement contracts (or cost plus), and performance reimbursement contracts (or fixed price). The major difference between them is that the cost plus contracts are usually those of indefinite delivery, and the contractor is paid a percent in addition to labour and materials cost. A cost Read more about Cost Plus Contracts: Cost Reimbursement Contracts in Government Procurement[…]