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NATIONAL CONSTRUCTION LAW CENTER, INC. STANDARD FIXED PRICE AGREEMENT BETWEEN OWNER AND CONTRACTOR NCLC DOCUMENT I 1992 EDITION (City of Irving Revisions 7/94, 1/99) STANDARD FIXED PRICE AGREEMENT.

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Firm-fixed price contracts are those contracts that provide for a price which normally is not subject to any adjustment. ... A fixed price contract places minimum administrative burden on contracting parties, but subjects a contractor to maximum risk arising from full responsibility for all cost escalations.

A fixed unit price contract sets a price per unit, but the exact number of units is not known. In a cost reimbursable contract, the project pays for costs. ... Time and materials contracts pay for costs plus an hourly rate for the contractor's time.

Firm Fixed Price (FFP) A FFP is the most common type of fixed-price contract. ... As an example, a car manufacturer would enter into a FFP contract for a standard model car. The manufacturer knows what it takes to complete the car and the associated cost.

The fixed price policy is a pricing strategy that fixes the commodity price in a given block of pricing for a given time. A fixed menu of prices is set with each price reflecting different value options or bundles.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232