Contract Price


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Contract Price

In common law, the amount of money one receives in exchange for providing a good or service outlined in a contract. The contract price must be stated in the contract. For example, if two parties make a contract to sell a house for $100,000, the contract price is $100,000.

contract price

A tax term used in the calculation of gain realized on an installment sale. It is the selling price, minus any mortgage debt assumed by the buyer, plus the excess of any such liens collected in addition to the seller's equity in the property.

Contract Price

With respect to an installment sale, one of the amounts used to compute the percentage of each principal payment that is taxable as gain. The contract is equal to the gross selling price when no mortgages are assumed. If a mortgage is assumed, the contract price is the gross selling price minus the amount of the mortgage plus the excess (if any) of the mortgage over the seller's basis and expenses of sale.
References in periodicals archive ?
In the first case, this happens because the actual dollar price decreases, while in the second case, the dollar value of the increased yen price is less than the contract price of $9.43.
It argued that because the Applegates had the unrestricted right to demand the entire contract price at any time during the first year, there was in fact full payment during the first year.
It specifies that when the contractor gives a federal agency a price lower than the schedule contract price for the item, and the order is within the maximum order limitation (MOL), an equivalent price reduction applies to all subsequent sales.
The first step is to hypothetically reapply the PCM to all long-term contracts completed or adjusted in the current year using actual (rather than estimated) total contract price and contract costs (Regs.
Zip code: 2167 country: latvia telephone: fax number: e-mail: nuts code: lv00 general internet address:: winning bidder is sme yes no iv.2.5) information about contract price (excl.
Estimated contract price: eur offered contract price: eur 10556 or contract price of the cheapest tender: and the most expensive tender price: eur iv.2.6) subcontracting with third parties is envisaged with third parties (numbers only) contract price without vat: currency: contract part: not known short description of the part of the contract to be subcontracted: subcontractor (s) is sme yes
Estimated contract price: eur offered contract price: eur 26900 or contract price of the cheapest offered: and the most expensive contracted price of the tender: eur iv.2.6) subcontracting with third parties is foreseen yes no if yes, contract price or part of the contract to be subcontracted with third parties (numbers only) contract price without vat: currency: contract part: not known short description of the part of the contract to be subcontracted: subcontractor (s) is sme yes
Estimated contract price: eur offered contract price: eur 46500 or contract price of the cheapest offered: and the most expensive contracted price of the tender: eur iv.2.6) subcontracting with third parties is foreseen yes no if yes, contract price or part of the contract to be subcontracted with third parties (numbers only) contract price without vat: currency: contract part: not known short description of the part of the contract to be subcontracted: subcontractor (s) is sme yes
Information on the initial (maximum) contract price (price of the lot), or the price formula that establishes the rules for calculating the amounts payable by the customer to the supplier (performer, contractor) during the execution of the contract, and the maximum value of the contract price, or unit price of goods, work, services and the maximum value of the contract price The initial (maximum) contract price (price of the lot) is:
Estimated contract price: 43190.08 eur offered price: 43190.08 eur or contract price of the cheapest tender: and the most expensive tender price: eur iv.2.6.
Estimated contract price: eur offered contract price: 6666.66 eur or contract price of the cheapest offered: and the most expensive contracted price of the offered bid: eur iv.2.6) subcontracting with third parties is provided for yes with third parties (numbers only) contract price excluding vat: currency: contract part: not known short description of the part of the contract to be subcontracted: subcontractor (s) are smes.
Estimated contract price: 18750 eur offered contract price: 18750 eur or the lowest price of the evaluated offer: and the most expensive tender price: eur iv.2.6) subcontracting with third parties is foreseen yes no if yes, contract price or part of the contract to be subcontracted contracts with third parties (digits only) contract price excluding vat: currency: contract part: not known short description of the part of the contract to be subcontracted: subcontractor (s) m

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