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Ad Valorem
According to value. Customs duty
(rate) that is generally charged on the value of
goods irrespective of weight or other material
considerations. Generally expressed as a
percentage of the value of the goods as
indicated on an invoice or bill of materials.
(ISM Glossary 2000)
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Ad Valorem Duty
A customs duty or tax based on
the value of the goods rather than on the
quantity of the goods.
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ADA
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Addendum (sing.)/Addenda (pl.)
A written
change, addition, alteration, correction, or
revision to a solicitation or contract document.
The name commonly given to the document
used to revise a solicitation.
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Adhesion Contract
A type of contract between
two parties in which one side has all the
bargaining power and uses it to write the
contract primarily to their advantage.
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Adjectival Rating
A notational scoring system in
which adjectives are used to describe the
quality of a response to a Request for
Proposals (RFP) or a response to a Request
for Qualifications (RFQu). Responses may be
rated using such terms as Excellent, Good,
Fair, and Poor. (Nash et al. 2007)
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Administered Price
A price determined by the
deliberate price policy of a supplier rather
than by the competitive forces of the
marketplace. See also: List Price.
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Administrative Change
A unilateral change to a
contract in writing that does not affect the
substantive rights of the parties, such as a
change in the address to which an invoice is
mailed.
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Administrative Law
Rules, regulations, and
executive orders promulgated by
governmental administrative or regulatory
entities. Generally enacted to make statutes
and ordinances more specific. Has the force
and effect of law.
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Administrative Remedies (exhaustion of)
The
completion of the process of direct appeal to
a governmental entity as defined by the
entity’s administrative regulations.
