Exchange Currency

fixed price contract

A contract that in which the price of items or services is set and not subject to adjustments unless it includes a clause that allows for a revision due to specific occurrences, such as shifts in economic conditions that affect the actual costs of contracted items or services. True fixed price contracts, without price adjustments, place the onus of establishing accurate pricing on the contracting firm.

Related information about fixed price contract:
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    1 Fixed price tender; 2 Fixed-price contract; 3 See also; 4 References ... A fixed- price contract is a contract where the contract payment does not depend on the ...
     
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    Definition of fixed price contract: Contract that provides for a price which normally is not subject to any adjustment unless certain provisions (such as contract ...
     
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  7. Advantages & Disadvantages of a Fixed-Price Contract | Chron.com
    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.
     
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