Insight: Avoiding Scope Creep, Cost Overruns on Fixed-Price Contracts

Bloomberg Law

06.12.2019

In this article, Jason Workmaster and Abigail Stokes reviewed the best practices for handling fixed-priced federal contracts, to manage scope creep, and prevent the risk of cost overruns. "Successful contract performance is in the interest of both the contractor and the government, as long and litigious disputes often yield no real 'winner.' And, when dealing with fixed-price contracts, early detection of scope creep and cost overruns—coupled with robust recordkeeping policies and practices—can make the difference between success and failure," the authors wrote. The article, initially published on Bloomberg Law, was also featured online in the Bloomberg Daily Brief on June 13, 2019.

Reproduced with permission. Published June 12, 2019. Copyright 2019 The Bureau of National Affairs, Inc. 800- 372-1033. For further use, please visit http://www.bna.com/copyright-permission-request/