This report provides background information and issues for Congress on multiyear procurement (MYP) and block buy contracting (BBC), which are special contracting mechanisms that Congress permits the Department of Defense (DOD) to use for a limited number of defense acquisition programs. Compared to the standard or default approach of annual contracting, MYP and BBC have the potential for reducing weapon procurement costs by a few or several percent. Potential issues for Congress concerning MYP a...

The report discusses multiyear procurement (MYP) and block buy contracting (BBC) as special contracting mechanisms authorized by Congress for the Department of Defense (DOD) to potentially reduce weapon procurement costs by several percent compared to annual contracting. Key issues for Congress include the frequency of MYP and BBC usage, the possibility of establishing a permanent statute for BBC similar to the existing one for MYP, and whether the Coast Guard should adopt these methods. MYP all...

The report discusses multiyear procurement (MYP) and block buy contracting (BBC) as special contracting mechanisms authorized by Congress for the Department of Defense (DOD) to potentially reduce weapon procurement costs by several percent compared to annual contracting. Key issues for Congress include the frequency of MYP and BBC usage, the possibility of establishing a permanent statute for BBC similar to the existing one for MYP, and whether the Coast Guard should adopt these methods. MYP all...

The report discusses multiyear procurement (MYP) and block buy contracting (BBC), which are special contracting methods authorized by Congress for the Department of Defense (DOD) to potentially reduce weapon procurement costs by several percent compared to annual contracting. Key issues for Congress include the frequency of MYP and BBC usage, the possibility of establishing a permanent statute for BBC, and whether the Coast Guard should adopt these methods. MYP allows DOD to contract for multipl...