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Classification
For freight, a publication
containing a list of items and the classes to
which they are assigned for the purpose of
applying class freight rates, along with
governing rules and regulations.
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Classification of Defects
The process of
arranging defects in classes or groupings in
accordance with a specific system (e.g., by
severity of defect, such as major, critical, or
minor).
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Clawback
Contingent monies or considerations
previously disbursed that are returned due to
nonperformance of the contract or
agreement.
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Clayton Act (The Clayton Anti-Trust Act) (U.S. Law)
A 1914
supplement to the Sherman Antitrust Act that
regulates general business practices that may
be detrimental to fair competition. Some of
the business practices regulated by the
Clayton Act are price discrimination, exclusive
dealing contracts, mergers and acquisitions,
and interlocking directorates. See also: Price
Fixing, Sherman Antitrust Act.
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Clean Bill of Lading
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Clerical Mistake
A contractor’s mistake in a bid
or proposal that results from a clerical error;
often referred to as a “minor irregularity.”
Such mistakes can usually be corrected within
a specified period. Examples include the
misplacement of a decimal point or the
reversal of prices.
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Click-and-Ship
A sales operation in which
customers order products online and the
product is shipped directly to the customer
Ordering products online can facilitate Just-in-
Time procurement. May be referred to as
“Point-Click-Buy-Ship.”
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Client
Individual, department, or entity with
whom procurement professionals consult and
collaborate to procure a desired or required
good or service. The client may also be the
end user.
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Client Agency
The name and address of the
entity on whose behalf the bid request has
been submitted.
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Client Entity
The name and address of the entity
on whose behalf the solicitation is being
issued.
