Keller Graduate School of Management – PROJ595 – Risk Management Week 7: Contract Management Part 1 Why do you think companies are not in favor of a

Why do you think companies are not in favor of a fixed price contract?

 A fixed price with economic price adjustment would have been a more appropriate contract type. The fact that so many other companies refused a fixed price contract should have given the project manager a reason to believe that the contract type was not appropriate.