Firm fixed-price is completely fixed and does not relate to any other adjusting costs and prices.What is a Fixed-Price Contract? To understand the contractual component of fixed prices, it is critical to first understand the concept of a fixed price. What is a fixed price? A fixed price ...
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Related to fixed price type contract: fixed price incentive contractfixed 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 ...
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firm - not subject to revision or change; "a firm contract"; "a firm offer" settled - established or decided beyond dispute or doubt; "with details of the wedding settled she could now sleep at night" 5. firm - (of especially a person's physical features) not shaking or trembling; "...
Sign up with one click: Facebook Twitter Google Share on Facebook firm name Encyclopedia the name under which partners carry on the business of the partnership or firm. Collins Dictionary of Law © W.J. Stewart, 2006 Want to thank TFD for its existence?Tell a friend about us, add a ...
Firm commitment underwriting Firm Corporate Offer Firm Cost Proposal Firm Customer Quote Size Firm Early Development and Performance Firm Energy Load Carrying Capability Firm Financial Facility Firm Fixed Price Firm Fixed Price Contract Firm Fixed Price Indefinite Quantity Firm Fixed Price Level-Of-Effort ...
Related to Firm prices Firm price means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation...
The word negotiable indicates that the price of a product for sale is not firm. A negotiable instrument is a document with a face value that can be swapped for cash or goods. A dollar bill is a negotiable instrument, as is a certificate of deposit. ...
Examples ofBidding Firmin a sentence This particular procurement method is Competitive Sealed Bidding (Firm Fixed Price) as allowed under II. To be used by the bidder for submission of the bid] Tender Inviting Authority: Name of Work/Goods/Services: Contract No: Name of the Bidder/Bidding Firm...