fixed-price contract A construction contract between an owner and a contractor in which the parties agree to carry out the terms of the contract for a specified price; does not customarily include the compensation paid to the architect and consultants, or the cost of the land. McGraw-Hill Di...
a1.6 The Contractor warrants and guarantees that all of its Works performed and Materials supplied in compliance with General Conditions of Fixed Price Construction Contract. 1.6 承包商保证和保证所有它的工作进行的和材料被提供依从固定价格建筑合同的普通保险条款。[translate]...
Fixed-price incentive contracts:In this variant of a fixed-price contract, the company providing the product or service can receive more payment if it exceeds the contract requirements. This could come into play if, for instance, a contractor finishes a construction project ahead of schedule. Conv...
Reports the issuance of a proposed rule amending the Federal Acquisition Regulation on an the payments under fixed price construction contracts in the U.S. Clarification of the certification language; Certification for all payments due to subcontractors and suppliers; Function of the government on the...
A fixed-price contract is a contractual agreement that outlines the terms of a project and sets the price for goods or services provided. This means that the price of the project remains the same throughout the entireduration of the contracteven if the cost of materials, amount of time state...
1.Discussion on the characteristics and risk and prevention of fixed price contract谈固定总价合同的特点和风险及防范 2.On signing contract for infrastructure construction in colleges高校基建固定总价合同的签订与管理 3.On the strategy to prevent contract risk in fixed price contract;浅析固定总价合同的合同...
The largest commercial construction jobs are agreed upon under a cost-plus rather than a fixed price contract, according to the "Daily Journal of Commerce." Which contract you use can have a huge impact on your costs and profit margin. ...
fixed price incentive contract A fixed price type of contract with provision for the adjustment of profit and price by a formula based on the relationship that final negotiated total cost bears to negotiated target cost as adjusted by approved changes. ...
A fixed price contract (or fixed price agreement contract) outlines a single set price for a project, no matter the time, labor, or resources it takes to complete the job. These types of contracts are often used in construction projects or contracts with the U.S. government because they ar...
if the award is delayed by a period exceeding fifty-six (56) days beyond the expiry of the initial bid validity, the Contract price shall be adjusted by a factor or factors specified in the request for extension. Bid evaluation shall be based on the Bid Price without taking into co 正在...