Having millions and even billions of dollars recurring spending, the United States government and its federal agencies are known to be the world’s largest buyer of products and services. The federal ...

The Internal Revenue Service tends to award cost-reimbursement contracts although some of the work is for routine maintenance, a report says. The Internal Revenue Service uses too many cost-plus ...

The pricing of this group of government contracts will not change. However, there are times when a ceiling price, target price, or even both are used. It’s also worth noting that with fixed-price ...

A subsidiary of Reston-based global engineering, construction and project management company Bechtel Group Inc. won a pair of contract modifications, totaling about $872 million, from the U.S. Navy, ...

NASA Administrator Bill Nelson criticized traditional cost-plus contracts at a May 3 Senate hearing, calling them a "plague" on the agency. Credit: NASA/Bill Ingalls WASHINGTON — NASA Administrator ...

Lockheed Martin (LMT) Space is being awarded a $647,069,302 hybrid, fixed-price incentive fee, cost-plus-incentive-fee, and cost-plus fixed fee contract modification (PZ0001) to a previously awarded ...

NASA intends to provide IT services to all its centers and facilities through a consolidated contract with an estimated $2 billion ceiling that it expects to put out for bid Oct. 12, 2022. Interested ...

NASA Administrator Bill Nelson appeared before a US Senate Appropriations subcommittee on Tuesday to discuss NASA’s budget request for the upcoming fiscal year. Then, quite unexpectedly, he dropped a ...

This contract includes a five-year base and a one-year option, for a six-year total ordering period, which, if exercised, would bring the cumulative value of this contract to $654,668,551. Work will ...