A fixed-price contract is a contract where the amount of payment does not depend on the amount of resources or time expended, as opposed to a cost-plus contract which is intended to cover the costs plus some amount of profit. Such a scheme is often used in military and government contractors to put the risk on the side of the vendor, and control c...
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http://en.wikipedia.org/wiki/Fixed-price_contract
(from the article `research and development`) ...worked by the staff and the materials used; these are checked by government auditors and paid for at a negotiated rate, together with a fixed ...
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http://www.britannica.com/eb/a-z/f/33
A contract with a set price for the work. See Time and Materials Contract.
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http://www.encyclo.co.uk/local/20933
- A contract with a set price for the work. See Time and Materials Contract.
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http://www.homebuildingmanual.com/Glossary.htm
A contract type which provides for a firm price or, in appropriate cases, an adjustable price. Fixed-price contracts providing for an adjustable price may include a ceiling price, a target price (including target cost), or both. Unless otherwise specified in the contract, the ceiling price or target price is subject to adjustment only by operation ...
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http://www.lectlaw.com/def/c181.htm
A contract with a set price for the work. See, 'Time and Materials Contract.'
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http://www.soundhome.com/glossary
A contract with a set price for the work. See Time and Materials Contract.
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https://www.encyclo.co.uk/local/22400
A contract with a set price for the work. See Time and Materials Contract.
Found on
https://www.homebuildingmanual.com/Glossary.htm
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