Contract price意思

"Contract price" is a term that refers to the price agreed upon in a contract between two parties for the sale or purchase of goods or services. It is the specific amount that the buyer agrees to pay the seller for the goods or services being contracted.

In a procurement or supply chain context, the contract price is the price that is stipulated in the contract between the buyer and the supplier. This price can be fixed, meaning it remains the same throughout the duration of the contract, or it can be variable, adjusted based on certain conditions or factors such as market prices, volume discounts, or inflation.

The contract price is a crucial element of the agreement, as it outlines the financial terms of the transaction. It is typically negotiated between the parties before the contract is finalized and signed. Once established, the contract price becomes the basis for all future payments related to the goods or services being provided under the contract.