Fixed Price Contracts May Be a Trap! | Glenn Hide & Neil Earnshaw

When is a fixed price contract actually the right choice? Fixed price contracts promise cost certainty. Realistically, they often introduce hidden risk, cashflow pressure, and complex change management challenges. In this episode, Glenn Hide and Neil Earnshaw break down the reality behind fixed price contracting in construction, under NEC4 Option A: Why change management becomes difficult under fixed price contracts How poor scope definition creates risk and cost overruns Where cashflow issues arise in real projects 00:00 Introduction 01:25 Do all contracts come with main options? 02:24 When is fixed price the right choice? 04:34 Is it really the simplest option? 05:58 Key characteristics 10:41 Can the programme/payment structure change? 15:52 How changes are assessed 22:53 Common issues 35:32 Unpriced work explained 36:41 What’s changed in newer contracts? 41:56 Quickfire questions 48:11 Outro If you're working on infrastructure or construction projects and relying on fixed price contracts for cost certainty, this episode will give you a more realistic view. Don’t forget to like, subscribe and share for more inspiring conversations with construction industry experts. Check us out on: LinkedIn -   / 871752   YouTube -    / @digitalbeehiveltd   Website - https://www.digitalbeehive.com/ Guest's websites: Glenn Hide - https://gmhplanning.co.uk/ Neil Earnshaw - https://www.neconsult.co.uk/