project management glossary
price
Cost plus any fee or profit applicable to the contract type.
The amount paid for a supply or service.
The quantity of one thing that is exchanged or demanded in barter or sale
for another.
price variance (pv)
The difference between the budgeted costs for a purchased item and the
actual costs.
pricing
The setting of, or finding out about, prices for goods, services, contract
work, etc.
The process of establishing a reasonable amount or amounts to be paid for
supplies or services.
pricing data index
See Cost Index.
pricing, forward
Estimation and agreement of the cost of work prior to any work being
performed.
