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Competitive Sealed Bidding
Method for
acquiring goods, services, and construction
for public use in which an award is made to
the lowest responsive bid and responsible
bidder, based solely on the response to the
criteria set forth in the Invitation for Bids (IFB);
does not include discussions or negotiations
with bidders. See also: Formal Bid.
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Competitive Sealed Proposals
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Completion Bond
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Completion Payment
Payment made upon
successful completion of work.
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Compliance Audit
An audit conducted to
determine the degree of adherence to
established laws, regulations, policies, and
procedures relative to accounting, financial,
and business processes.
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Composite Sample
A sample obtained by mixing
together equal portions from several parts of
the lot.
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Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)
A federal law that states that those who
generate hazardous waste are responsible for
the safe use and handling of such waste from
the time it is created until it is completely and
safely destroyed; this responsibility cannot be
delegated.
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Comptroller
The individual within an organization
who is responsible for the organization’s
accounting and financial management
functions.
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Concealed Damage
Damage that may occur
during shipment of goods that is not apparent
or noticeable at the time of receipt or
acceptance.
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Conceptual Skills
Abilities that involve the
connection of abstract, seemingly unrelated
ideas that lead to a deeper understanding of
issues or scenarios and create new,
innovative solutions.
