Definitions for "Fixed Price Contract"
Keywords:  spm, con, contract, price, reimbursing
("FP") Same as Firm Fixed Price. [D00699] SPM 304-9
is a contract in which the contractor guarantees to deliver or to perform the contract work within the period specified at a fixed price agreed upon in advance and payable no matter what the actual costs are.
a construction contract in which the construction price is determined based on a fixed con tract price, or a fixed unit price of output
an agreement between the University and a sponsor for a specified product or service
a commitment by the developer to provide an agreed product or service for