Fixed price contract with price adjustment definition

Fixed price contract with price adjustment means a fixed price contract that
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Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that:
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Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that: (a) is based on the consumer price index or another commercially acceptable index, source, or formula; and (b) is not based on a percentage of the cost to the contractor.
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Examples of Fixed price contract with price adjustment in a sentence

  • Fixed price contract with price adjustment uses an inflation adjusted price to maintain the volatility and price adjustment for long time period.


More Definitions of Fixed price contract with price adjustment

Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that: (a) is based on the consumer price index or another commercially
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Related to Fixed price contract with price adjustment

  • Fixed price contract means a contract that provides a price, for each

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Price Schedule means the schedules or any part or individual schedule thereof, submitted by the Bidder with his Bid and forming a part of the Contract;

  • Cost price means the actual cost of an item or article of tangible personal property computed in the

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.