If unforeseen conditions delay the project or costs increase for other reasons, the bid price can be adjusted to protect the contractor's profit.

Question

Quizplus · Accepted Answer

The bid price in a fixed-price contract typically cannot be adjusted once the contract is awarded, even if unforeseen conditions arise or costs increase for other reasons. The risk of cost overruns is borne by the contractor.

If Unforeseen Conditions Delay the Project or Costs Increase for Other