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:
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
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