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Fixed-price contract

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Definitions Edit

A fixed-price contract is

[a] contract that provides for a firm price or in appropriate cases, a firm price with fees or other adjustments.[1]
[a] contract which provides for a firm price, or in appropriate cases, an adjustable price.[2]

References Edit

  1. Information Technology: An Audit Guide For Assessing Acquisition Risks, Glossary, at 92.
  2. A Guide for Acquiring Systems Integration Services, Glossary of Terms.

See also Edit

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