Adrienne Jackson

Kristen E. Ittig’s articles from Arnold & Porter are most popular: with readers working within the Banking & Credit industries On April 30, 2026, President Trump signed an Executive Order (EO) titled “Promoting Efficiency, Accountability, and Performance in Federal Contracting,” directing executive branch agencies to make fixed-price contracts the default and preferred method of federal procurement.

Overview On April 30, 2026, President Trump signed an Executive Order (EO) titled “Promoting Efficiency, Accountability, and Performance in Federal Contracting,” directing executive branch agencies to make fixed-price contracts the default and preferred method of federal procurement. But the EO not only establishes a priority for fixed-price contracts; it mandates renegotiation of the 10 largest existing cost-type contracts at each agency within 90 days.

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