Definition: Fixed price

A "prix-fait" or "bail à prix-fait" is a contract whereby the client places an order with the contractor. The term means that the contractor is paid a "fixed price": the price, set in advance once and for all, cannot vary according to the difficulties encountered in carrying out the work or the time spent. This is often the case when calculating a winegrower's salary, based on the area cultivated, the number of vines and the work carried out throughout the wine-growing year.