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fixed price contract
- fixed price contract
- fixed price contract
- Festpreisvereinbarung
A generic category of contracts based on the establishment of firm legal
commitments to complete the required work. A performing contractor is legally
obligated to finish the job, no matter how much it costs to complete. Risks of
all cost growth rest on the performing contractor.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
- Ondersteunende systemen (support systems) >> Juridische zaken (legal affairs) >> Juridische Zaken, Algemeen (legal affaires, general)
- Management (management) >> * - management >> Projectmanagement (project management) >> Geld (finances)
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