Fixed-price supply contract Law and Legal Definition
Fixed-Price supply contract refers to contracts for supplies, or services that involve the furnishing of supplies, when a fixed-price contract is contemplated and the contract amount is expected to exceed the simplified acquisition threshold. A contracting officer may insert a clause in such solicitations and contracts when the contract amount is expected to be at or below the simplified acquisition threshold and inclusion of the clause is in the government's interest.
A contracting officer can at any time, by a written order make changes, within the general scope of the contract, in any one or more of the following details:
1. Drawings, designs, or specifications, where the supplies to be furnished are to be specially manufactured for the government in accordance therewith;
2. Method of shipment or packing; and
3. Place of delivery.
In Crown Coat Front Co. v. United States, 386 U.S. 503, 506 (U.S. 1967), it was held that any claim by a contractor for adjustment under fixed price supply contract must be asserted within 30 days from the date of receipt by the contractor of the notification of change.