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The contract price is the price for the goods or services to be received in the contract. The contract price helps to determine whether a contract may exist. If the contract price is not included in the written contract, then upon litigation the court may hold that a contract did not exist. In litigation, the contract price is a factor for ...
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return. [1] [2] An alternative pricing method is value-based pricing. [3]
During the early 1990s recession, Ontario faced an annual deficit of $12.4 billion in 1993. [1] [2] The government sought $2 billion in wage-concessions from public-sector workers to reduce the deficit. [2] The social contract mandated that public-sector workers earning more than $30,000 take up to 12 unpaid days off a year. [2]
Canadian contract law is composed of two parallel systems: a common law framework outside Québec and a civil law framework within Québec. Outside Québec, Canadian contract law is derived from English contract law, though it has developed distinctly since Canadian Confederation in 1867.
A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized.It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding.
The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender, which is submitted by the competing firms, is generally based on a bill of quantities , a bill of approximate quantities or other specifications which enable the tenders to ...
Ontario cancelled its cap-and-trade system in 2018. The outlines of a new climate plan for Ontario, which did not include any carbon pricing system, were unveiled in November 2018. [44] Manitoba, Ontario, Saskatchewan, and New Brunswick refused to impose their own emission-pricing systems, so the federal pricing came into effect on April 1.