Value Guarantee This policy reduces the risk for the customer to collaborate with your company and justifies a premium price. Why would the customer bet on your business if you don`t? A guaranteed service is worth more than a service that is not, so this clause allows the company to have a premium price compared to the competition. The university`s contract delegate must be contacted for all administrative aspects of this agreement, including, but not limited to, amendments, and is entitled to negotiate agreements and additions on behalf of the university. Since our fixed price agreement provides continuous access to the accounting, tax and business advice you need at a fixed price, the fear of a continuous meter will not prevent you from seeking advice in time. Based on fixed rates as opposed to hourly rates, our service gives you access to the accumulated wisdom of the company by experienced professionals, who can help improve the future of your company and achieve its business goals. While the fixed price entitles you to unlimited consultation of your company with us if your question or problem requires additional research and analysis beyond the consultation, this work is subject to an additional price, payment terms and volume that must be agreed before the service is provided, and a change order is given to document this understanding. To outline administrative requirements for formulating, monitoring and concluding fixed price agreements. The following elements are essential for the formulation of the fixed price agreement and should be taken into account in the preparation of the fixed price agreement. The economic adjustment of prices may take into account increases or reductions in relation to a fixed and agreed price level, actual costs or a price index.  Airbus German CEO Tom Enders said the fixed price contract for the A400M transport aircraft was a disaster based on excessive naivety, enthusiasm and arrogance: “If you had offered it to an American arms company like Northrop, they would have been a mile away.” He explained that the project had to be abandoned if the contract was not renegotiated.  A fixed price agreement is an agreement where the contractor pays a certain amount for the agreed work, regardless of the final cost of completing the project.
Contract Officer Office of Sponsored Programs Boise State University 1910 University Drive Boise, ID 83725-1135 E-mail: firstname.lastname@example.org Phone: (208) 426-4420 Fax: (208) 426-1048 Evolution of cost estimates: given the increased financial risk to the university related to fixed-price contracts and the need to reduce significant residual assets, the development of cost estimates should be done with caution. . . .