On: Nelson testifies cost-plus contracts have been a “...

[lamontcg]

Strict fixed-pricing seems like a recipe for something like JWST to fail miserably in the future.

For an expensive one-off like that there needs to be wiggle room to deal with design uncertainties and the unknown-unknowns.

Fixed price might be more reasonable for smaller less expensive missions where the uncertainties are less and the tolerance for failure is higher.