From Engine Overhauls to Information Technology Consulting: A Service Contractor's Guide to the New Federal Acquisition Regulations Applicable to Time-and-Materials and Labor-Hour Contracts

New governmentwide and Defense Department rules on the use of time-and-materials and labor-hour contracts in acquiring services went into effect Feb. 12, 2007, after several years of confusion and controversy in the area. This analysis provides a review of the issues underlying the rules and a detailed discussion of their key features. It concludes with a summary table that provides a quick reference tool for those applying the new standards.

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