A contract price is the price listed in a contract for the goods or services to be received in return. It is a material term in contract law and helps to determine whether a contract may exist. The contract price is fully paid to a contractor when they have completed the job which has been agreed upon. The contract price often includes a down payment, may include a few continuing payments, and ends with a final amount paid to close the contract. The contract price is used as a point of reference to determine damages upon a party forsaking its contractual obligations. The contract price is also used to determine the expectancy interest of the party suffering damages as well as the reliance interest along with damages under promissory estoppel.