July 1 FAR update: EO 14402 makes fixed-price default, adds justification
EO 14402 (Apr. 30) pushes fixed-price as default and requires written approval for non-fixed-price and hybrid deals—what changes July 1.
Procurement Policy
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EO 14402 pushes federal buying toward fixed-price awards
A July 1 Acquisition.gov update tied to EO 14402 adds FAR Parts 16 and 52 language that pushes agencies toward fixed-price, performance-based deals.
