Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

No bid

Law; Contracts

Reply to an invitation to bid (ITB) stating that the respondent does not wish to submit a bid. Its purpose is to avoid debarment from the approved bidders list for failure to respond.

Negotiated contract

Law; Contracts

Contract awarded on the basis of a direct agreement with a contractor, without going through the competitive bidding process.

No contest clause

Law; Contracts

Provision in a contract (or testament) that seeks to prevent a contracting party (or beneficiary) from challenging its terms.

1. Bankruptcy: Court order given at the end of bankruptcy proceeding, either automatically or (depending on the circumstances of the case) upon application by the bankrupt or the official receiver. ...

Output

Law; Contracts

1. The amount of energy, work, goods, or services produced by a machine, factory, company, or an individual in a period. 2. Computing: A result produced by a computer that is internal to the system ...

Oral contract

Law; Contracts

Contract that is not in a written form, but is entirely valid and enforceable. Unlike in case of a written contract, however, it might be difficult to prove the existence and the terms of an oral ...

Over and above work

Law; Contracts

Jobs discovered during the performance of a contract which are (1) within the its general scope of work and (2) necessary for its satisfactory completion but (3) not covered under its line items and ...