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