The foodservice contracts policy about disadvantages of potential for lost contracts.
Advantages & Disadvantages of a Fixed-Price Contract
A buyer and seller enter a fixed-price contract by agreeing on the final cost of a good or service, which is set by the contract both parties sign and agree to honor. The length of time that the fixed price lasts depends on the terms of the contract. Weighing the advantages and disadvantages of a fixed-price contract helps a small business decide whether to exercise the option.