fixed-price contract

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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

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

• fixed price — ➔ price1 * * * fixed price UK US noun [C] COMMERCE ► a price that will not change after it is agreed: »We agreed to purchase the finished goods at a fixed price. »With a fixed price contract, the builder pays all extra costs beyond its agreed… …   Financial and business terms

• Fixed price — is a phrase used in Indian English to mean that no bargaining is allowed over the price of a good or, less commonly, a service. As bargaining is very common in many parts of the world outside of Europe and North America, this term expresses an… …   Wikipedia

• fixed-price — fixedˈ price adjective (of a menu, contract, etc) having a price that cannot be varied • • • Main Entry: ↑fix …   Useful english dictionary

• fixed price — noun 1. : a uniform price for all customers as opposed to a price obtained by bargaining 2. : a price fixed by international agreement or by a governmental price fixing agency 3. : a price established by a contract and not subject to subsequent… …   Useful english dictionary

• 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… …   Military dictionary

• fixed price incentive contract — A fixed price type of contract with provision for the adjustment of profit and price by a formula based on the relationship that final negotiated total cost bears to negotiated target cost as adjusted by approved changes …   Military dictionary

• Minimum Price Contract — A forward contract with a provision guaranteeing a minimum price at delivery of the underlying agricultural commodity. Minimum price contracts provide certainty for some investors wishing to hedge their positions. As a bare minimum, price is… …   Investment dictionary

• price — I noun amount, appraisal, appraisement, charge, compensation, cost, disbursement, due, estimate, estimation, exaction, exchange value, expenditure, expense, fare, fee, figure, outlay, payment, premium, pretium, purchase money, quotation, rate,… …   Law dictionary

• contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary