fixed price contract


A contract that in which the price of items or services is set and not subject to adjustments unless it includes a clause that allows for a revision due to specific occurrences, such as shifts in economic conditions that affect the actual costs of contracted items or services. True fixed price contracts, without price adjustments, place the onus of establishing accurate pricing on the contracting firm.

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You may want to try and take on a fixed price contract so that the other party can not change things later.

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The utility company signed a fixed price contract with the solar farm that ensures a source of consistently cheap priced energy for the next 20 years.

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Since they had a fixed price contract with their new supplier, the management team wasn't worried about any fluctuations in the market when it came to the price of their supplies.

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fixed premium fixed rate