Fixed fee

Fixed fee

A set contract amount for all labor, materials, equipment and services; and contractor’s overhead and profit for all work being performed for a specific scope of work.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Business services
Category: Project management
Company: WSDOT
Product:
Acronym-Abbreviation:

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Related terms

fixed fee

Business services; Project management

A set contract amount for all labor, materials, equipment and services; and contractor’s overhead and profit for all work being performed for a specific scope of work.

fixed fee job

Software; Operating systems

A type of project in which the customer pays a predetermined amount for the entire project.

cost-plus-fixed-fee (CPFF) contract

Business services; Project management

A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), plus a fixed amount of ...

fee

Law; Contracts

A payment made to a professional person or to a professional or public body in exchange for advice or services.

fee

Automotive; Automotive paint

Fish Eye Eliminator

fee

Convention; Conferences

1) A fixed amount or percentage charged. 2) The cost of participating in a meeting or event, paid to the organization conducting the meeting.

simulation

Business services; Project management

A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the ...

project life cycle

Business services; Project management

A collection of generally sequential project phases whose names and numbers are determined by the control needs of the organization or organizations involved in the project. A ...

direct costs

Business services; Project management

The costs directly attributed to a work-scope, such as labor, material, equipment, and subcontracts, but not the cost of operations overhead and the labor, material, equipment, ...