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FFP contracts required to bill as T&M type


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2 hours ago, Vern Edwards said:

The language of FAR Part 16 is very old. It predates the FAR by decades. It is not scientific language. It was written in another time in view of older market arrangements. Business people invent new business arrangements all the time to meet changing market needs. FAR itself is not consistent in its use of the terms firm-fixed-price and fixed-price. It was not written by scientifically-minded people or by particularly good writers. If we are not flexible and willing to think things through and try things out, we are not serving the needs of the organizations we support or the public at large.

You are, quite literally, establishing that the FAR language is "arcane" and knowable only to a very few. I consider that to be a problem.

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