Legal Updates New Executive Order Mandates Fixed-Price Federal Contracts: What Contractors Need to Know
On April 30, 2026, the White House issued a highly consequential Executive Order (“EO”) titled “Promoting Efficiency, Accountability, and Performance in Federal Contracting.” This EO fundamentally alters the federal procurement framework by establishing fixed-price and performance-based contracts as the default mechanism for government acquisition, moving sharply away from historical cost-reimbursement and time-and-materials models.
Explore more