News & Analysis as of

Audits Fixed Price Contracts

Wiley Rein LLP

DOD Signals Potential Inflation Relief for Fixed Price Contracts

Wiley Rein LLP on

WHAT: The U.S. Department of Defense (DOD) is now signaling that it may be more willing to consider requests for equitable adjustment to firm-fixed-price contracts to compensate contractors for the effects of inflation....more

Holland & Hart LLP

DoD OUSD Memorandum Provides Guidance on Addressing Inflation Cost Impacts

Holland & Hart LLP on

In a fixed-price contract, increased costs caused by market inflation alone will not entitle the contractor to an equitable adjustment. Contracting Officers are advised to utilize contract provisions that include an...more

Troutman Pepper

Fixed-Price Contracts Are Simple - Or Are They?

Troutman Pepper on

Firm fixed-price contracts seem like a simple concept in practice — agreements that do not allow for the modification of the contract price after award without an express agreement between the parties. Originally published...more

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