A formal summary of the purpose and values of an entity, business, or organization.
Mistake (in Bids)
Minor errors made in the form of bidding; for example, failure to insert a decimal point.
Mistake of Fact
A misunderstanding of the facts or flawed perception of the real state of affairs, which may be remedied by the Court.
Mistake of Law
An error, not in the actual facts, but in their legal significance, relevance, or consequence, for which there is no relief from the Courts.
Improper or incorrect use of something of value that was intended for another purpose.
The act of reducing the severity or damage caused by an undesirable occurrence.
An economic system that combines both private and public enterprise in which the allocation of goods and services is based on market indicators and government directives.
The initial efforts involved in the performance of a construction contact that involve hiring workers and moving equipment and facilities to the work site.
The model of a device or item of equipment, either full sized or built to scale, used for analysis, display, testing, or to study the details or features of design.
The type of average that indicates the most frequent instance of a number or happening. The number in a distribution that occurs the most frequently. (Business, 2000)