Fixed price redeterminable contract

Fixed price redeterminable contract,

Definition of Fixed price redeterminable contract:

  1. Type of fixed-price contract which provides for a review and retroactive or prospective revision of the contract price during or at completion of the contract. Also called fixed price contract with provision for re-determination of price. See also fixed price contract with economic price adjustment, and fixed price contract with price escalation.

Meaning of Fixed price redeterminable contract & Fixed price redeterminable contract Definition