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A type of cost reimbursement contract that assigns minimal responsibility for costs and for which a fixed fee is negotiated. The fee provides an incentive for a subcontractor to contract for efforts that might otherwise pose too great a risk to it to assume.
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What is Cost plus variable fee?
It is a type of contract, mostly for construction, whereas the fee over cost payable to the contractor varies depending, most usually, on the trade i.e. item of the works.
Is shiping cost a fixed cost?
The simple rule is that if every order requires shipping fee then it is variable cost because as many as the number of orders variable cost will vary as well, but if total shipping cost remain as fixed amount no matter how many orders are shipped the shipping cost is classified as fixed cost.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
Is professional charges a fixed cost expense?
The only time professional charges would be a fixed cost expense is when you pay exactly the same charge every reporting period (monthly, quarterly, or yearly). If the professional charge changes depending of the amount of work done or time spent, then it is not fixed. Sometimes lawyers or accountants will work for a fixed fee that doesn't change over a period of time. Then it is a fixed cost expense.
Is legal fee a fix cost or variable cost?
variable cost
What contract type cannot be used when purchasing a commercial item or service?
Cost plus fixed fee
Cost Plus Award Fee contract?
bush baby
What fee be charged for Cost Plus Fee contract?
The goods mentioned in the contract / the relevant expenses such as shipping/ insurance/ custums tarrif fees/ loading and unloading
What is Cost plus variable fee?
It is a type of contract, mostly for construction, whereas the fee over cost payable to the contractor varies depending, most usually, on the trade i.e. item of the works.
How much did he first desktop computer cost?
The first computers had no fixed selling price. They were usually built on cost plus fixed fee contracts, because the people making them could not guess at final cost to build them. For example the ENIAC was estimated at $50,000 when the Army signed the cost plus contract. The Army eventually payed a bit more than $500,000. The UNIVAC I original fixed price contracts were for $250,000 but when the machine went into production its actual price was $2,500,000. Remington Rand lost lots of money on the first two UNIVAC's sold as the company had to pay the difference between cost to build and what the customer payed!
Is winning a bid at an auction a contract?
Yes, it is a contract. You agree to pay the price, plus the additional buyers fee when you bid.
Is shiping cost a fixed cost?
The simple rule is that if every order requires shipping fee then it is variable cost because as many as the number of orders variable cost will vary as well, but if total shipping cost remain as fixed amount no matter how many orders are shipped the shipping cost is classified as fixed cost.
What is the price of a latitude ticket?
cost £60 plus booking fee
What does a passport cost?
Passport (only) fee of either $110 (adult) plus a $25 execution fee, or $80 (younger than 16 years old) plus a $25 execution fee.
Do any types of contracts or contract situations increase risk?
Yes, there are types of contracts that are more risky. A time and material's contract has the least risk for the seller. A fixed fee contract can be very risky for the seller, but also has some downsides to the buyer.
Cost of Real Estate reconveyance fee?
We are in the process of having a recoveyance done after paying a 1 year contract on our home .....
How much does it cost to disconnect a line from an ATT contract?
The early termination fee is $175 per line.
