>FFP is at the other end of the spectrum, moving all risk to the contractor.
I agree with your overall opinion but I do think the govt has a lot of residual risk in cost-plus. When a contractor is incentivized to cut corners, the mitigation is govt oversight. Meaning the contractor can keep cutting corners until caught. Since the govt ultimately owns these systems they can be left holding the bag (particularly when requirement specs are weak)
I agree with your overall opinion but I do think the govt has a lot of residual risk in cost-plus. When a contractor is incentivized to cut corners, the mitigation is govt oversight. Meaning the contractor can keep cutting corners until caught. Since the govt ultimately owns these systems they can be left holding the bag (particularly when requirement specs are weak)