Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Prequalification of bidders

Law; Contracts

Screening of potential contractors, suppliers, or vendors (on the basis of factors such as experience, financial ability, managerial ability, reputation, work history, etc.) to develop a list of ...

Pre-bid shopping

Law; Contracts

Negotiations by a buyer (a prime contractor) with sellers (trade contractors), to obtain lower prices for goods and services that are to be consumed in the performance of a contract for which the ...

Pre-award survey

Law; Contracts

Evaluation of a prospective contractor's financial, operational, and organisational capabilities to assess the contractor's eligibility and responsibility, usually for large contracts.

Prequalification

Law; Contracts

Preliminary stage in a bidding process where it is determined if an applicant has the requisite resources and experience to complete the job as required.

Prepayment bond

Law; Contracts

Guaranty by a surety (usually a bank or insurance company) that any prepayment (such as for mobilization) made to a contractor will be secure.

Postpone

Law; Contracts

To defer the start of an activity or step until a definite or indefinite date, or until something else is done or occurs. See also delay.

Qualified products

Law; Contracts

List of products that have been tested prior to their actual procurement under a contract to establish which supplier(s) can comply with the product specifications.