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Contracts
Contracts of all sorts.
Industry: Law; Real estate
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Contracts
Fixed price redeterminable contract
Law; Contracts
Type of fixed-price contract which provides for a review and retroactive or prospective revision of the contract price during or at completion of the contract. Also called fixed price contract with ...
Estimating
Law; Contracts
In general, computation of a price with regard to time and resource requirements upon which a firm quotation is based.
Estimating rationale
Law; Contracts
Basis or reasoning used in developing an estimate that makes it credible or valid.
Firm commitment
Law; Contracts
Oral or written commitment under which a party voluntarily binds itself to a certain offer or performance of an act for a specified period.
Latent defect
Law; Contracts
A hidden flaw, weakness or imperfection in an article which a seller knows about, but the buyer cannot discover by reasonable inspection. It includes a hidden defect in the title to land, such as an ...
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