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)
Ad Valorem Duty
A customs duty or tax based on
the value of the goods rather than on the
quantity of the goods.
Addendum (sing.)/Addenda (pl.)
change, addition, alteration, correction, or
revision to a solicitation or contract document.
The name commonly given to the document
used to revise a solicitation.
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.
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)
A price determined by the
deliberate price policy of a supplier rather
than by the competitive forces of the
marketplace. See also: List Price.
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
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.
Administrative Remedies (exhaustion of)
completion of the process of direct appeal to
a governmental entity as defined by the
entity’s administrative regulations.