Time and Materials Contracts and Pricing Answer Book

Business professionals who manage contracts, in both the public and private business sectors, must be aware of the many types of contract pricing arrangements available in order to choose the best type for each situation. Over time, three general pricing arrangements categories have evolved: fixed-price, cost-reimbursement (CR), and time-and-materials (T&M).

Despite the relatively common use of T&M contracts worldwide for the buying and selling of professional services (i.e. automotive repairs, plumbing services, legal services, accounting services, consulting services, etc.) the U.S. federal government has created numerous complex laws, policies, and regulations which govern the pre-award, award, and post-award actions of T&M contracts.

Best-selling and award-winning author and leading government contracting consultant--Gregory A. Garrett - has created this practical and comprehensive Time-and-Materials Contracts and Pricing Answer Book. If you plan to use or are using government T&M contracts, then this book is a must read!

Key features include:

• 100+ T&M Contracts and Pricing Questions and Answers
• The most recent OMB Policy on T&M Contracts
• The most recent GAO Reports on T&M Contracts
• An excellent Introduction to the full-range of Government Contract types
• A Glossary of Key Terms
• References