Are Cost-Plus Defense Contracts (Justifiably) Out of Favor?
Wang, Chong; San Miguel, Joseph G.;
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