Question: Is fixed price better?

“Fixed-price contracts provide greater incentive than cost-reimbursement contracts for the contractor to control costs and perform efficiently.” 2) Fixed price contracting shifts risk from the customer to the service provider. The governments liability and risk is therefore capped at the price of the contract.

What products have a fixed price?

A fixed price is a non-negotiable sum charged for a product, service or piece of work. The most common reason for a fixed price for a product is control or mandate by some external entity. A regulatory organization might set a fixed price for some commodity, for example.

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