![Federal Drive with Tom Temin show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/076/922/small/federal-drive-with-tom-temin.jpg)
Summary: A fixed-price contract. It is a common strategy for the government. Contractors need to understand that every word in that three-word phrase is there for a reason. If inflation, COVID, and/or supply-chain problems drive up your costs, tough luck. That point was reinforced in a recent lawsuit, about which Federal Drive host Tom Temin spoke about with Zach Prince, Smith Pachter McWhorter procurement attorney. Learn more about your ad choices. Visit megaphone.fm/adchoices