The practice of "Cost plus" goes back at LEAST as far as FDR. FDR wasted
HUGE sums of money during his interminable terms. Ever heard of Daddy
Warbucks? That came out of FDR's Cost plus wasting of money. Ever hear of
CCC? Ever hear of WPA? Those were non-defense boondoggles.
At 09:34 AM 7/11/2005, you wrote:
> Incidentally, the existence of "cost plus" contracts in general amazes
> me. That sounds like a hell of a deal. No matter how inefficient you
> are, you're guaranteed a profit. Wish the company I work for could get
> a piece of that. If we screw up and under-bid, we lose money! Guess
> it's all about who you know, huh?
