Are Cost-Plus Defense Contracts (Justifiably) Out of Favor?

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Wang, Chong; San Miguel, Joseph G.;
(2013)
  • Publisher: American Accounting Association
  • Subject: DoD contracts | fixed-price contracts | cost-plus contracts | information asymmetry | agency problem | budget-based cost-plus scheme

The article of record as published may be found at http://dx.doi.org/10.2308/ogna-50558 A common tenet is that the use of cost-plus contracts contributes to cost overruns in the context of Major Defense Acquisition Programs (MDAPs). Accordingly, policy-makers e... View more
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