The Pentagon offers a shred of hope for inflation relief on fixed-price contracts

The Federal Acquisition Regulation is clear, fixed-price contracts are just that: Fixed price. There’s no provision for adjustments because of inflation. Or is there? A memo last week from the Defense Pricing and Contracting office offers some hope. Federal Drive host spoke with someone who has studied the memo closely: Zach Prince, a partner at Smith Pachter McWhorter.