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Fixed Price Basis

   Also found in: Wikipedia 0.01 sec.
Fixed price basis
An offering of securities at a fixed price.

Fixed Price
1. See: Offering price.

2. A price that is not subject to negotiation. The fixed price may be set by a government, or may indicate that the seller has no interest to lower the price for any reason. One must either pay the fixed price or not buy the product. Many products must specify whether or not they have fixed prices because price negotiation is common in many parts of the world. For example, if Wal-Mart sells milk for $3 per gallon, milk is offered on a fixed price basis because the customer cannot make a counter-offer for $2.50. One either buys the milk at $3 or does not.


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Virtually all of contractors services are provided fixed price basis.
On the day I looked there were more than 360,000 toys and games up for sale, on an auction or fixed price basis.
So I say to our two councils, have another go at getting the trams back on track, but do it in the same way as most private firms do, on a fixed price basis DJ Foulis, Liverpool 12
 
 
 
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