fixed price type contract

Related to fixed price type contract: fixed price incentive contract

fixed price type contract

A type of contract that generally provides for a firm price or, under appropriate circumstances, may provide for an adjustable price for the supplies or services being procured. Fixed price contracts are of several types so designed as to facilitate proper pricing under varying circumstances.
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Sole source firm fixed price type contract with ironclad technology services, llc "notice of a sole source contract and not a bid opportunity"
Contained in the rules is a significant benefit available with many cost justified contracts awarded on either a cost reimbursement or a fixed price type contract. This concept is contract financing.