fixed bid

fixed bid

A firm price for completing a job.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The Energy Regulatory Commission (ERC) is targeting to mandate "fixed bid price" in the tendering process that distribution utilities (DUs) will be carrying out on their supply procurements so they can efficiently serve captive customers or those end-users that cannot yet exercise "power of choice" on securing their electricity services.
'The third draft contains some new features or provisions that are meant to protect the consumers' interests, like the inclusion of a fixed bid price in the terms of reference [TOR] and a new section detailing the prohibited acts, fines and penalties, which include blacklisting.
The MoD found it cheaper than the "firm and fixed bid".
According to a Bloomberg report, the Monet attracted four telephone bidders, in addition to a fixed bid from a third-party guarantor.
Large Fixed Bid ERP Contracts (SAP, Oracle): Data Warehousing & Business Intelligence, Quality Consulting, Application Development and Outsourcing Fixed Bid Contracts.
Portal Resources Ltd (TSX-V: PDO) (Portal) has announced that Bigwave Joint Venture (JV), in which it holds a 22% interest, is close to finalising fixed bid price quotes for frac stimulation and completion of the JV's first horizontal well at its central Alberta project.
Anselmo has successfully built a unique outsource consulting model that enables customers to leverage the budgeting predictability and efficiency of a fixed bid or blended (fixed and T&M) basis."
They reckon that he or she may be willing to accept a fixed bid BEFORE the manuscript goes to auction.
For Peter Devereaux's company, time-and-materials billing is preferable to a fixed bid with subsequent change orders.