fixed price redeterminable contract
Definition
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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fixed price redeterminable contract is in the Accounting & Auditing, Agreements & Contracts, Banking, Commerce & Finance and Purchasing & Procurement subjects.
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