Chapter 14. Pricing Contracts

  1. Richard Hill and
  2. George Solt

Published Online: 30 AUG 2010

DOI: 10.1002/9780470768570.ch14

Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers

How to Cite

Hill, R. and Solt, G. (2010) Pricing Contracts, in Engineering Money: Financial Fundamentals for Engineers, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470768570.ch14

Publication History

  1. Published Online: 30 AUG 2010
  2. Published Print: 1 SEP 2010

ISBN Information

Print ISBN: 9780470546017

Online ISBN: 9780470768570

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Keywords:

  • pricing contracts - items going into working out a contract price;
  • minimizing uncertainty, using cost centers - but much remaining a best guess;
  • small profit margins, small errors making a big difference to profitability

Summary

This chapter contains sections titled:

  • Price of the Contract

  • Competition

  • Making Up the Price

  • Finalizing the Price

  • Cost of Tendering

  • Summary