Article
Revolutionary FAR Overhaul Implements Fixed-Price Contracting Preference Under FAR Part 16
The FAR Council has issued a significant deviation to FAR Part 16, implementing Executive Order 14402's mandate that fixed-price contracts become the default procurement method across federal agencies. This regulatory shift introduces new approval requirements for non-fixed-price contracts exceeding agency-specific dollar thresholds, fundamentally altering how contractors must approach pricing strategies and risk allocation in government contracting.
Greenberg Traurig, LLP