Government contractor

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A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. Laws often require governments to award contracts to the low bidder^[1]. Some communities are largely sustained by government contracting activity; for instance, much of the economy of northern Virginia consists of government contractors employed directly or indirectly by the federal government.

[edit] See also

• Defense contractor

[edit] References