An amount agreed upon, by
contract, at the beginning of a project that guarantees a maximum price.
If the set price is exceeded, the contractor is responsible for
producing the extra amount. If the contractor stays below the guaranteed
price, the contractor and client split the profit.
Would you like information like this delivered to your email inbox? Subscribe to Tradeline Updates to keep abreast of the latest conference developments, industry news, best practices and more!
Printer Friendly Version
Send to a Friend
