Define: Firm Price
Firm Price means a set cost, adjustable only according to changes in law-bound duties, levies, or taxes impacting supply or service expenses.
Firm Price means a set cost, adjustable only according to changes in law-bound duties, levies, or taxes impacting supply or service expenses.
Relevant Circumstances
- When the contract price is fixed except for changes in taxes or statutory levies
- If suppliers are required to absorb other cost movements
- Where firm pricing supports public-sector budget certainty