Results for tag: "Fixed Price Contract"

A Fixed Price Contract (FPC) is a type of contract used in commercial law. It is a legally binding agreement between two parties, in which one party agrees to provide goods or services to the other party at a predetermined price. The price is fixed and does not change, regardless of the amount of goods or services provided. This type of contract is often used in construction, engineering, and other industries where the cost of goods or services can vary significantly. The FPC market is highly competitive, with many companies offering different types of contracts. Companies in the market include construction firms, engineering firms, and other service providers. They offer a variety of services, such as project management, design, and installation. These companies also provide advice and guidance to clients on the best way to structure their contracts. Show Less Read more