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paysagement

fixed price (lump sum)

In French: prix forfaitaire (à forfait)

Definition

An overall price agreed for defined work. It does not change if the work takes more or less time, unless agreed otherwise or changed in writing.

Also called

  • lump-sum price

Other names in French

  • forfait

Sources

  1. The Civil Code provides that at a fixed price, neither party may claim a price change because the work cost more or less. (art. 2109)

    Code civil du Québec, RLRQ c. CCQ-1991 · LégisQuébec, Éditeur officiel du Québec