Jump to content

FIXED-PRICE CONTRACT

From scientopedia

A · B · C · D · E · F · G · H · I · J · K · L · M · N · O · P · Q · R · S · T · U · V · W · X · Y · Z

Definitions

a contract taken on by a contractor, supplier, etc., to provide specific goods or services for a set price which cannot later be changed for any reason irrespective of increased material or labor costs, inflation, etc.