Fixed price contract with price adjustment definition
Fixed price contract with price adjustment means a fixed price contract that
Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that:
Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that: (a) is based on the consumer price index or another commercially acceptable index, source, or formula; and (b) is not based on a percentage of the cost to the contractor.
More Definitions of Fixed price contract with price adjustment
Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that: (a) is based on the consumer price index or another commercially
Fixed price contract with price adjustment means a fixed price contract that provides for an upward or downward revision of price, precisely described in the contract, that:(a) is based on the consumer price index or another commercially acceptable index, source, or formula; and(b) is not based on a percentage of the cost to the contractor.[(35)] (36) "Grant" means an expenditure of public funds or other assistance, or an agreement to expend public funds or other assistance, for a public purpose authorized by law, without acquiring a procurement item in exchange.[(36)] (37) "Human services procurement item" means a procurement item used to provide services orsupport to a child, youth, adult, or family. 1487 [(37)] (38) "Immaterial error": 1488 (a) means an irregularity or abnormality that is: 1489 (i) a matter of form that does not affect substance; or 1490 (ii) an inconsequential variation from a requirement of a solicitation that has no, little, or a trivial effect
Fixed price contract with price adjustment means a fixed price contract that provides for an