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Direct Cost
The cost of materials or services
identified with only a single cost objective,
such as labor, supplies, equipment, or
transportation.
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Direct Delivery
The shipment of goods directly
from their source to an end user; frequently
used when a third party acts as the
purchasing agent for the end user.
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Direct Labor Hours
The portion of a contract,
proposal, or invoice that denotes the time
spent working solely to satisfy the specific
requirements of the contract as detailed in
the specifications or scope of work.
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Direct Selling
Business model in which the seller
sells directly to the buyer in a non-retail
environment.
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Directive
CANADIAN A statement indicating the
mandatory features of a policy. In cases in
which the Canadian 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,” which appear in bold Italics throughout
the manual.
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Disadvantaged Business
As established by the
U.S. Small Business Administration, a
business that is at least 51% controlled or
owned by person(s) who are members of a
group officially designated as economically or
socially discriminated against. See also:
Historically Underutilized Business (HUB),
Minority-Owned Business Enterprise (MBE),
Woman-Owned Business Enterprise (WBE).
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Discount
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. See also: Payment Terms,
Prompt Payment Discount, Cash Discount.
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Discount Schedule
A listing of various discounts
offered to a buyer for varying amounts of
goods or services. May be requested as part
of a solicitation.
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Discount-From-List
Mathematical calculation to
determine a 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
period after the contract begins, unless
otherwise noted in the contract.
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Discrepancy
1. A deviation between the contract or purchase
order and the material or services received or
delivered.
2. A variance or difference in identification,
condition, or quantity between the supplies or
services delivered and the contracting
documents.