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A frame agreement is a special type of rate agreement entered with a set of suppliers, with a specific subset (may be just one) chosen as preferred. Frame agreements possess similar clauses as standard rate agreements with a few additional (optional) points such as decreasing prices over time; quality control obligations for the supplier
A feed-in tariff (FIT, FiT, standard offer contract, [1] advanced renewable tariff, [2] or renewable energy payments [3]) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers.
In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other projects. [1]
In U.S. Federal government contracting, IDIQ is an abbreviation of the term indefinite delivery/indefinite quantity.This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time.
Purchasing cooperatives bring together multiple organizations, such as government entities, educational institutions, and non-profit organizations, to collectively pool their purchasing power. These cooperatives negotiate and establish pre-negotiated contracts with suppliers, covering a wide range of products and services.
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
Slotting allowances, the supplier pays a fee to secure shelf space from the buyer; Requirements contracts, agreement to purchase all units form one supplier, as buyer cannot purchase from any other supplier in the market , which is a term stated in a buyer/supplier contract
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...