Total contract price

Total contract price (i)In general(A)Definition. Total contract pricemeans the amount that a taxpayer reasonably expects to receive under a long-term contract, including holdbacks, retainages, and cost reimbursements. See 1.4606(c)(1)(ii) and (2)(vi) for application of the look-back method as a result of changes in total contract price.

Source

26 CFR § 1.460-4


Scoping language

None
Is this correct? or