Fixed price contracts require the availability of at least one supplier that has the qualifications and performance history that assures the needs of the project can be met.

Question

Quizplus · Accepted Answer

Fixed price contracts are agreements where the price is set regardless of the resources used or time expended. The availability of a qualified supplier with a strong performance history is beneficial but not a requirement for entering into a fixed price contract.

Fixed Price Contracts Require the Availability of at Least One