An encrypted electronic signature that mitigates signature fraud.
The cost of materials or services identified with only a single cost objective such as labor, supplies, equipment, or transportation.
The shipment of goods directly from the source to an end user; frequently used where a third party acts as purchasing agent for the end user.
Direct Labor Hours
The portion of a contract, proposal, or invoice that denotes the times spent working solely to satisfy the specific requirements of the contract as detailed in the specifications or scope of work.
Business model in which the seller sells directly to the buyer in a non-retail environment.
CANADIAN A statement indicating the mandatory features of a policy. In those cases where the Treasury Board is prepared to permit deviations, departments must obtain prior approval by means of submissions. Directives are characterized by the use of the verbs shall, must, and will and appear in bold Italics throughout the manual.
As established by the U.S. Small Business Administration, a business that is at least 51% controlled or owned by persons who are a member of a group that has officially been designated as economically or socially discriminated against.
An allowance, reduction, or deduction from a selling price or list price extended by a seller to a buyer in order for the net price to become more competitive. More common forms of discounts include trade discounts, quantity discounts, seasonal discounts, and cash discounts.
A listing of various discounts offered to the buyer for varying amounts of goods or services. May be requested as part of a solicitation.
Mathematical calculation to determine the buyer’s price from a manufacturer’s price list. On non-automated term contracts, the manufacturer must submit a printed price list/catalog from which prices are to be figured. Prices in this category cannot be increased for a specified time after the contract begins, unless otherwise noted in the contract.