Posts Tagged: Firm-Fixed-Price

CH2M Hill Subsidiary to Repair, Study Options for NAVSEA HQ

A CH2M Hill subsidiary has been awarded a $6.4 million project by the U.S. Navy to restore a building at the Naval Sea Systems Command’s headquarters in Washington following the Sept. 16 Navy Yard shooting. CH2M Hill Constructors will also assess damages and develop alternative concept designs under the firm-fixed-price contract, the Navy said Monday…. Read more »

The Hidden Costs of Firm-Fixed Price Contracts

By John Coombs, CFCM, DAWIA III As fiscal pressures rise, senior leaders across the federal government place additional emphasis on Firm-Fixed Price (FFP) contracts. A prime example is the Department of Defense “Better Buying Power” memoranda. FFP contracting is an important method to add simplicity and cost efficiency, but with respect to services, FFP contracting… Read more »