Source: Niskanen Center
by Neil Miller
“Long-term planning can be admirable. Some contracts — say, for construction — will genuinely take five or more years to finish up. Or when vendors need to make huge upfront investments, a long payoff timeline can entice qualified competition. Locking in five-year tech contracts, however, just allows the solicitation sins of the father to be visited upon their children a decade later: Between now and 2031 (or 2033), needs will change, technology will advance, and the project budgets will rise and fall.” (06/08/26)