Federal cost-reimbursement contract overview is a mess, GAO says

Federal agencies spend about $136 billion in cost-reimbursement contracts a year but the reasons they have for selecting that contract type are murky because of missing documentation and incomplete accounting, according to a new report from the Government Accountability Office. "The complete picture of the government's use of cost-reimbursement contracts is unclear," the GAO concluded in the 53-page report published on Oct. 30.

Read More