Posts from April 2014
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U.S. Court of Federal Claims Affirms that Risk of Increased Costs in Fixed-Price Contract Falls on Contractor
It is well established that in a fixed-price contract, the contractor bears the risk that the actual costs of performance may exceed the contract price. The recent decision in Agility Defense & Government Services, Inc. v. United States highlights the importance of that principle, even in cases where it appears safe to assume that a price adjustment will be granted. Read More…