Contract management : minimal compliance with new safeguards for time-and-materials contracts for commercial services and safeguards have not been applied to GSA Schedules Program : report to congressional committees.

Federal agencies have used time-and-materials (T&M) contracts to purchase billions of dollars in services. These contracts are risky because the government bears the risk of cost overruns. Effective February 2007, the Federal Acquisition Regulation (FAR) was revised, pursuant to a statutory chan...

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