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A Cost-Plus-Fixed-Fee (CPFF) contract reimburses a contractor for allowable costs incurred during a project and provides a fixed fee for profit. Unlike Firm-Fixed-Price contracts, where contractors assume the risk of cost overruns, CPFF contracts protect businesses from financial loss while still ensuring a reasonable return.
Tom Watson, Serco Inc. Serco has won a recompete contract worth up to $96 million to support the U.S. Navys Constellation-class guided missile frigate program. The contract includes a 1-year base period and four 1-year options. Serco will continue providing technical services for the planning, design, construction, delivery and testing of FFG 62 ships and systems.
Terminated contracts do not relieve a contractor from dispositioning and closing out Government property. This will become a bigger issue as more and more agencies receive funding cuts or contracts are simply terminated.
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Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,
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A Court of Federal Claims judge said the U.S. Air Force reasonably excluded two companies from competing for a contract to train drone pilots, after they failed to certify themselves as women-owned small businesses in the system for award management as required.
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Vinson & Elkins LLP has hired a partner from Perkins Coie LLP who is joining V&E's litigation practice and will co-head the firm's government contracts practice, the firm announced Monday.
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Cloud cybersecurity provider Zscaler has appointed Robert Skinner to its chief customer experience officers advisory team, bringing over three decades of experience in the military service. In his new role, Skinner will provide leadership on organizational efforts to enhance customer experience across the public and private sectors, Zscaler said in a LinkedIn post.
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