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Pentagon Seeks to Avert Low-Ball Bids on Development Contracts | Bloomberg

Pentagon Seeks to Avert Low-Ball Bids on Development Contracts | Bloomberg

The Pentagon is seeking ways to crack down on contractors that make low-ball bids for multibillion-dollar development projects in anticipation of collecting other Defense Department funds later.

Contractors oppose a proposed regulation saying that Pentagon contracts specialists could recalculate bids as higher than submitted. That would increase the risk that a company would lose the bidding to a competitor.

The question is whether some contractors rely too much in their bid calculations on estimates of future Pentagon reimbursement for their…

Source: Pentagon Seeks to Avert Low-Ball Bids on Development Contracts – Bloomberg