Executive Order on Federal Contracting

Arguing that the federal procurement process has long “tolerated unpredictable costs, bloated overhead, and weak performance incentives,” President Trump issued an Executive Order late last month making fixed-price or performance-based contracting the default for federal government contracts. The April 30 EO, “Promoting Efficiency, Accountability, and Performance in Federal Contracting,” states that cost-reimbursement contracting “should be […]