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C › Contract, Fixed Price with Escalation/De-escalation

COV ITRM Glossary

Contract, Fixed Price with Escalation/De-escalation

Definition

A fixed price type of contract that provides for the upward and downward revision of the stated contract price upon the occurrence of certain contingencies (such as fluctuations in material costs and labor rates) defined explicitly in the contract.


Reference:

DGS, APSPM

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