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Containerization
The process of packing goods
into large, separate containers (sometimes
referred to as “cubes”) for shipment to a final
destination.
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Contingency Planning
Planning that applies to
issues resulting from a crisis, emergency, or
interruption of a critical service.
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Contingent Fee
A commission, percentage, or
other fee that is conditional upon the success
that a person or concern has in securing a
contract.
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Continuity of Operations Plan (COOP)
A detailed
strategy developed to ensure the continuation
of essential functions during an emergency
that results in the inability of an entity to
provide essential services to its constituents.
The COOP must be a fluid and dynamic plan
capable of being immediately adjusted and
modified depending on the situation. A welldeveloped
COOP addresses the people,
processes, systems, and infrastructure
elements that will be needed to continue to
perform essential functions during a disaster
or emergency situation. Also referred to as a
Business Continuity Plan.
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Continuous Improvement
Methodology that
seeks to improve processes, goods, or
services over time. See also: Total Quality
Management (TQM).
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Contract
1. An obligation—such as an accepted offer—
between competent parties upon a legal
consideration to do or abstain from doing
some act. The essential elements of a
contract are an offer and an acceptance of
that offer; the capacity of the parties to
contract; consideration to support the
contract; a mutual identity of consent; legality
of purpose; and definiteness.
2. A legally binding promise enforceable by law.
3. An agreement between parties with binding
legal and moral force, usually providing for the
exchange of goods or services for money or
other considerations.
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Contract A – Bid Contract
CANADA The
solicitation or bid contract established
between the owner of the solicitation (the
“buyer”) and each of the suppliers who submit
a compliant bid or proposal. The solicitation
document (e.g., Invitation to Tender, Request
for Proposals, etc.) is viewed as an invitation
from the buyer to interested suppliers to
submit a bid or proposal, and as an offer by
the buyer to enter into a Contract “A” (or Bid
Contract) with any supplier that submits a bid
or proposal. The submitted bid or proposal is
the supplier's acceptance of the buyer’s offer
to enter into Contract “A” and also an offer by
the supplier to enter into Contract “B” (see
defined term) with the buyer. The formation of
a Contract "A" occurs with each supplier
whose bid or proposal is responsive (i.e.,
meets all mandatory criteria of the
solicitation). By submitting a responsive bid or
proposal, the supplier agrees to be bound by
all terms and conditions of the solicitation as
established by the buyer (e.g., conditions of
tender or the solicitation rules of process).
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Contract Acquisition Plan
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Contract Adjusted Amount
The dollar value for a
contract reflecting adjustments made for
changes such as foreign currency fluctuations
or inflation.
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Contract Administration
The functions that are
performed after all parties have signed a
contract. Typical contract administration
activities are goal-oriented and are aimed at
ensuring compliance with the contract terms
and conditions while giving attention to the
achievement of the stated output and
outcome of the contract. See also: Contract
Management, Surveillance.
