fixed price type contract


fixed price type contract
A type of contract that generally provides for a firm price or, under appropriate circumstances, may provide for an adjustable price for the supplies or services being procured. Fixed price contracts are of several types so designed as to facilitate proper pricing under varying circumstances.

Military dictionary. 2000.

Look at other dictionaries:

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  • fixed price contract — Type of contract in which buyer agrees to pay seller a definite, predetermined price, regardless of costs …   Black's law dictionary

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  • contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing …   Universalium