Fixed-price contracts mean exactly what they’re called: FIXED-price

A fixed-price contract. It is a common strategy for the government. Contractors need to understand that every word in that three-word phrase is there for a reason. If inflation, COVID, and/or supply-chain problems drive up your costs, tough luck. That point was reinforced in a recent lawsuit, about which Federal Drive host Tom Temin spoke about with Zach Prince, Smith Pachter McWhorter procurement attorney.