This Note describes the concept of multiyear contracting in defense procurement, summarizes recent proposals and new legislation intended to widen its use and increase its utility, and outlines the criteria to be used in choosing the types of acquisitions best adapted to this mode of contracting. Its purpose is to describe and explain rather than to assess or advocate, and it emphasizes contracting for production--that is, for the procurement of end items not available off the shelf. The Note discusses basic funding-contracting modes, changes in multiyear contracting and advanced procurement, and issues of choice in applying the opportunities for multiyear procurement provided by the Department of Defense authorization act, 1982.
This report is part of the RAND Corporation note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.