Fixed-Price Contracts Are Simple – Or Are They?

Troutman Pepper
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Fixed-price contracts are well-known among contractors. These agreements seem simple — they do not allow the contract price to be modified after the award unless the parties expressly agree. But is it really that simple? In reality, there is very little case law guiding the practical approach to these types of contracts.

In this podcast, Marion Hack, a partner in Pepper’s nationally recognized Construction Practice Group, which Chambers USA recently named Construction Law Firm of the Year, discusses See more +

Fixed-price contracts are well-known among contractors. These agreements seem simple — they do not allow the contract price to be modified after the award unless the parties expressly agree. But is it really that simple? In reality, there is very little case law guiding the practical approach to these types of contracts.

In this podcast, Marion Hack, a partner in Pepper’s nationally recognized Construction Practice Group, which Chambers USA recently named Construction Law Firm of the Year, discusses the definition of fixed-price contracts and cases in which the audit provision in the contract has been unsuccessfully used to assert claims for reimbursement and False Claims Act liability.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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