046 What is a Letter Contract?

This episode is brought to you by PROPRICER, the Gold Standard for Cost Proposal and Government Evaluation Software. Learn how they can help you here.Letter contracts are a special type of contract that allow the Gov-ernment to authorize a contractor to start work immediately when there isn’t time to negotiate every detail of the contract in time to meet the requirement.Kevin and Paul discuss the Letter Contract process and describe common pitfalls that both Government and Industry should under-stand.