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Under time-and-materials contracts, payments to contractors are made based on the number of labor hours billed at hourly rates and, if applicable, other direct costs. Because of the risk they pose to the government, their use is supposed to be limited to cases where no other contract type is suitable. GAO was asked to identify trends in the Department of Defense's (DOD)

Title : Defense Contracting: Improved Insight and Controls Needed Over Dod's Time-And-Materials Contracts
Author : U.S. Government Accountability Office
Language : en
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Type : PDF, ePub, Kindle
Uploaded : Apr 06, 2021

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