Total Installed Price Law and Legal Definition
According to 15 USCS § 205c (6), [Title 15. Commerce and Trade; Chapter 6. Weights and Measures and Standard Time; Metric Conversion] the term total installed price means “the price of purchasing a product or material, trimming or otherwise altering some or all of that product or material, if necessary to fit with other building components, and then installing that product or material into a Federal facility.”