> What happens when a fixed-price project hits a delay? It varies. Sometimes the cost of imposing a penalty specified by the contract would be so destructive

> What happens when a fixed-price project hits a delay? It varies. Sometimes the cost of imposing a penalty specified by the contract would be so destructive to the project, and the project delayed but finished would still be worth more than switching vendors (if that's what the penalty would imply, due to bankrupting the original vendor) that the penalty gets waived. Besides, what happens when a cost-plus project hits a delay? Answer: we pay more and more and more and the project is delayed more and more and more.