A mathematical calculation
that takes into account the varying degrees of
importance of the numbers in a data set.
Weighted Point Method
A methodology used
to evaluate a proposal based on subjective
criteria, each of which is assigned a
used to evaluate a bid/proposal based on
subjective criteria, each of which is assigned a
point value. Evaluators may place different
levels of importance on various factors that
have been identified. Examples of criteria may
include capacity to perform, past experience,
financial strength, or references of previous
work. Fixed weights and variable weights are
the two most common forms of weighting
A person, usually an employee,
who exposes information or activity within a
business or entity that is improper or illegal.
The act of exposing information
or activity within a business or entity that is
improper or illegal.
Whole Instrument Rule
Doctrine that states that,
where there is an ambiguity or other
confusion within a written contract, courts
must rely solely on what is intended by the
contract as a whole rather than parsing
individual phrases, clauses, or sentences.
A business or person that buys
goods, generally in large quantities, from
manufacturers and then sells them to
retailers for a profit. See also: Retailer.
A reasonably balanced
agreement, with each party feeling they
obtained something beneficial.
Woman-Owned Business Enterprise (WBE)
Denotes that a woman (or women) has
majority ownership and control of a business.
See also: Historically Underutilized Business
(HUB), Small Disadvantaged Business,
Economically Disadvantaged Individuals.