contract price
Stipulated deal amount
Contract price is the amount agreed upon in a contract for goods, services, or work to be performed.
It represents the binding figure both parties have committed to, distinct from estimates, bids, or market prices: The contract price was fixed at two million dollars.
In construction and procurement, the contract price may be adjusted through change orders or escalation clauses.
- bidOffer to purchase
- quoteRepeated words from another
- tenderSoft or sore
- final offerLast negotiable position
- negotiationDiscussion seeking mutual accord
good faith · agreement · invoice · estimate · fixed · lump sum · unit rate · per diem · lock in · amendment · change order · clause · binding · signed · terms · fine print · cost · cost overrun
- pricingoverpricing, discounts, overcharge, markdowns, unit cost
contract pricemarket price
Current exchange value
market value · spot price · fair market value · auction price · list price
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