Washington, May 1 (IANS) US President Donald Trump signed an executive order aimed at overhauling federal contracting practices by shifting towards fixed-price agreements, a move the administration says will reduce waste and curb cost overruns.White House Staff Secretary Will Scharf said many government contracts currently operate under a “cost plus” system.“Many federal contracts currently operate on a cost plus basis… leads to cost overruns, and costs the federal government a lot of mo…
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