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Cost, Insurance, Freight (c.i.f.)
A quoted price that
includes marine insurance in addition to the
cost of the item and transportation charges to
destination; commonly used when shipping
via ocean freight.
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Cost, Original
The original cost for which a good
or service was acquired; for equipment
purchases, this may include shipping,
installation, and other associated costs.
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Cost-Based Pricing
A method in which a fixed
sum or percentage of the total cost is added
as an income or profit to the cost of the
product to arrive at its selling price.
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Cost-Benefit Analysis (Study)
A process that adds
up the benefits of an action, good, or situation
and then subtracts the associated costs. The
resulting figure is used as a comparison for
alternatives to determine if the cost is a better
value or benefit to the entity.
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Cost-of-Living Adjustment (COLA)
An increase in
price or benefits to counteract inflation as
determined by a standard, pre-agreed-upon
index.
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Cost-Reimbursement Contract
A contract that
reimburses the contractor for all incurred
costs that are allowable and allocable under
the terms of the contract and applicable laws
and regulations; may include profit or fee.
May also be referred to as a Cost Plus
Contract. See Also: Cost Contract.
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Council of Logistics Management
A professional
and educational organization whose goal is to
promote the understanding and development
of the logistics concept.
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Council of State Governments (CSG)
A national
organization in the U.S. founded to foster
ideas, problem solve, and maximize resources
among state officials who develop public
policy.
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Counteroffer
An adjusted proposal made in
response to another offer by the party who
rejected the initial offer.
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Countertrade
A form of bartering in international
trade whereby goods or services are
exchanged without currency.
