Cost Plus Contract News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The space agency is hoping to increasingly use competitions among top vendors and fixed-price contracts as a new way of conducting business—and cutting ...

To print this article, all you need is to be registered or login on Mondaq.com. The Canadian Construction Documents Committee (CCDC) introduced an updated version of CCDC 2 this month. CCDC 2 is a stipulated price contract commonly used in the Canadian construction industry. As the CCDC documents cannot be edited, it is a common practice for parties to update the base CCDC documents with “supplementary conditions.” Most of the updates to CCDC 2 account for required updates due to prompt payment legislation introduced or planned in several Canadian provinces, and c...

Grown-ups in the room when it comes to major weapons systems. >> what are we spending too much money on? >> well, let me -- this is a long story, if you have time for it, i'm happy to go into it. when somebody gets an idea in the pentagon and they want to say, well, here's a new idea, they put out a cost plus contract on research. well, if you're on other side of that, you say, oh, yummy. you know? they want to do something, we'll do it, and they make good money. then the idea for a weapons system comes up. we start the development of a weapons system. and it's a cost plus contract. now you ha...