1.2: Contracting Risk
Decrease Contracting Risk Other Information:
Agencies are making concerted efforts to reduce the money spent through high-risk contracts – contracts that are not fixed
price or are awarded without adequate competition – so that the government faces no greater financial risk than necessary
in its contracting. To meet the President’s direction to address contracting risk, every agency is taking steps to reduce
by 10 percent the share of dollars obligated through new contracts in FY 2010 that are awarded (1) noncompetitively, (2) after
a competition that received only one bid, (3) using a cost-reimbursement contract and (4) using a time-and-materials/labor-hour
(T&M/LH) contract. Overall, the government met the goal on two of the four types of contracts. The Office of Management and
Budget is working with agencies that did not meet the targets to identify ways to make further progress.
Indicator(s):
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