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  2. Fixed-price contract - Wikipedia

    en.wikipedia.org/wiki/Fixed-price_contract

    According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Incentive Fee Contract (FPIF) is a "type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets the defined performance criteria".

  3. Term sheet - Wikipedia

    en.wikipedia.org/wiki/Term_sheet

    A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition . [ 1 ]

  4. Contract of sale - Wikipedia

    en.wikipedia.org/wiki/Contract_of_sale

    In contract law, a contract of sale, sales contract, sales order, or contract for sale [1] is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).

  5. Performance-based contracting - Wikipedia

    en.wikipedia.org/wiki/Performance-based_contracting

    Contract – draft, review, workshop and finalise a contract which covers all aspects of the performance, payment and terms and conditions of the relationship; Review – conduct an analysis of the outcomes of the PBC, taking into account the differing definitions of success from the different groups involved in the contract.

  6. Offset agreement - Wikipedia

    en.wikipedia.org/wiki/Offset_agreement

    Example of a defense Offset - diagram. As an example of a defense offset proposal, we could describe a hypothetical case of Nation P (Purchaser) buying 300 tanks from defense company S (Seller, of Nation S). [17] The total sale contract is $400 million and Nation P (Purchaser) requests offset of 120%.

  7. Completed-contract method - Wikipedia

    en.wikipedia.org/wiki/Completed-contract_method

    The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled.