Fixed price redeterminable contract

Fixed price redeterminable contract

Type of fixed-price contract which provides for a review and retroactive or prospective revision of the contract price during or at completion of the contract. Also called fixed price contract with provision for re-determination of price. See also fixed price contract with economic price adjustment, and fixed price contract with price escalation.

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Industry/Domain: Law
Category: Contracts
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Related terms

fixed price redeterminable contract

Law; Contracts

Type of fixed-price contract which provides for a review and retroactive or prospective revision of the contract price during or at completion of the contract. Also called fixed ...

fixed price contract with price escalation

Law; Contracts

Type of fixed-price contract which provides for upward revision of the stated contract price if certain price fluctuations (specifically defined in the contract) occur.

fixed price contract with economic price adjustment

Law; Contracts

Type of fixed-price contract which provides for upward and downward revision (based on a price scale such as consumer price index) of the stated contract price.

fixed price incentive contract

Law; Contracts

Type of fixed price contract which provides for the adjustment of the contract price and profit. Amount of this adjustment is determined by a formula based on the relationship ...

Contract

Law; Contracts

Contract, same meaning of agreement, a commercial contract this is a commercial agreement

contract

Law; Contracts

A lawful agreement between two or more parties, usually written is called as contract.Contract was made between both parties in written form.

act no.

Law; Contracts

A product, such as a statute, decree, or enactment, resulting from a decision by a legislative or judicial body

coll.

Law; Contracts

collected, coll., follows the number of an act, eg. Act No 111 Coll.

commercial register

Law; Contracts

a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

as amended

Law; Contracts

a legislative measure altered formally by adding, deleting, or rephrasing

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