fixed price contract with economic price adjustment
Definition
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 contract with economic price adjustment is in the Accounting & Auditing, Agreements & Contracts, Banking, Commerce & Finance and Purchasing & Procurement subjects.
fixed price contract with economic price adjustment appears in the definition of the following term: fixed price redeterminable contract
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