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Cost-Reimbursement Contract
A contract that
reimburses the contractor for all incurred
costs that are allowable and allocable under
the terms of the contract and applicable laws
and regulations; may include profit or fee.
May also be referred to as a Cost Plus
Contract. See Also: Cost Contract.
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Council of Logistics Management
A professional
and educational organization whose goal is to
promote the understanding and development
of the logistics concept.
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Council of State Governments (CSG)
A national
organization in the U.S. founded to foster
ideas, problem solve, and maximize resources
among state officials who develop public
policy.
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Counteroffer
An adjusted proposal made in
response to another offer by the party who
rejected the initial offer.
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Countertrade
A form of bartering in international
trade whereby goods or services are
exchanged without currency.
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Country of Origin
The country in which goods are
grown, produced, or manufactured.
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Covenant
An agreement of two or more parties, in
writing, stipulating that something is done, or
shall be done, or a promise as to the truth of
certain facts.
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Cover
A remedy (in accordance with Section 2-
711 of the Uniform Commercial Code) that
permits the buyer to seek the reasonable
purchase of substitute goods resulting from
the seller’s breach of contract.
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CPAF
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CPCM
