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ex-works
[ eks-wurks ]
adjective
, British.
- direct from the factory, excluding delivery costs, distribution costs, retail commission, etc.:
the ex-works price.
ex works
adverb
- ex-works when prenominal (of a price, value, etc) excluding the cost of delivery from the factory and sometimes excluding the commission or profit of the distributor or retailer
the price is £500 ex works
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Word History and Origins
Origin of ex-works1
First recorded in 1965–70
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Example Sentences
The former Soviet republic has been regulating drug prices since 2019, imposing limits on logistics and marketing expenses and mark-ups as a proportion of ex-works prices.
From Reuters
Most companies have tended to make their sourcing decisions based on the wage rate or the ex-works price or the landed cost, and leave out another twenty cost categories.
From Forbes
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