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Related
  • FIXED PRICE

    FIXED PRICE Method of payment used when the service provided is delivered...
  • fixed option

    fixed option A tenant?s right to lease a specific space at a certain period...
  • fixed lease

    fixed lease See gross lease.
  • fixed cost

    fixed cost An operating expense that can be controlled. See also variable cost...
  • fixed expense

    fixed expense A recurring expense over which a business has little control,...
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Fixed Price Contract

Fixed Price Contract

A contract for work to be carried out for an agreed firm price (or fixed lump sum), without any rise and fall cost adjustment, used mainly on minor projects or projects of short duration.

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