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Originally Posted by Rekna
One thing you failed to mention Ustwo is that under this contract style it is in the contracters favor to spend as much money as possible. Claim as much as you can as an expence, overcharge where ever possible, and your profit amounts go up. This is what Halliburton did in Iraq with the oil. The only thing is they got caught.
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Exactly, Rekna. The Big Airplane Company that I worked for had military bids of
cost/plus with costs always exceeding the bid that awarded it the contract. The subdivision that I worked for, that was entirely banking related, got tagged on as an expense to military projects. Any, yes...they got caught.