Why does the President want to reduce Cost-reimbursement contracts?

https://obamawhitehouse.archives.gov/the-press-office/memorandum-heads-executive-departments-and-agencies-subject-government-contracting Review the Presidential Directive on Government Contracting found in link above. Answer the following questions: Why does the President want to reduce Cost-reimbursement contracts?Why is it preferred to use a Firm Fixed type contract?Who accepts the greatest risk under each type of contract?Why is competition favored over sole source?

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