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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".
Affine Pricing - An affine pricing schedule consists of both a fixed cost and a cost per unit. Using the same notation as above, T(q) = k + pq, where k is a constant cost . [ 3 ]
A time price is the amount of time a person needs to work to earn the amount of money necessary to buy a particular product or service. [1] For example, if a person makes $5.00 an hour and wants to buy a product that costs $20.00 then the time price will be 4 hours.
Some savings bonds have fixed interest rates, though they’re subject to change after long periods of time. For example, Series EE Savings Bonds currently earn a 2.60% interest rate, which is ...
A fixed-price contract is a contract where the contract payment does not depend on the amount of resources or time expended by the contractor, as opposed to cost-plus contracts. Fixed-price contracts are often used for military and government contractors to put the risk on the side of the vendor and control costs.
Here's a comparison of fixed expenses vs. variable expenses to help you budget efficiently. ... Variable costs per unit or period of time are less predictable than their fixed counterparts. Here ...
With a lump sum contract or fixed-price contract, the contractor assesses the value of work as per the documents available, primarily the specifications and the drawings. At pre-tender stage the contractor evaluates the cost to execute the project (based on the above documents such as drawings, specifications, schedules, tender instruction and ...
Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, and variable pricing, is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering prices during ...