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| A description of the work required for the procurement |
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| Hybrid of both fixed price and cost reimbursable contracts, often used by consultants |
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| The buyer pays the supplier for allowable performance costs plus a fixed fee payment usually based on a percentage of estimated costs |
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| Contract with a fixed total price for a well-defined product or service; also called a fixed-price contract |
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| The buyer pays the supplier for allowable performance costs plus a predetermined percentage based on total costs |
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| The cost at which the contractor assumes total responsibility for each additional dollar of contract cost in a fixed price incentive fee contract |
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| General management technique used to determine whether an organization should make or perform a particular product or service inside the organization or buy from someone else |
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| A document used to solicit quotes or bids from prospective suppliers |
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| The buyer pays the supplier for allowable performance costs plus a predetermined fee and an incentive bonus |
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| _________ change orders are oral or writte acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order |
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| Acquiring goods and/or services from an outside source |
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| The processes required to acquire goods and services for a project from outside the performing organization |
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| A contract that i Involves payment to the seller for direct and indirect costs |
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| A contract clause that allows the buyer or supplier to end the contract |
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| Contract that involves a fixed total price for a well-defined product or service |
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| A document prepared by a seller when there are different approaches for meeting buyer needs |
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| Contracts that require the buyer to pay the seller a predetermined amount per unit of service |
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| A mutually binding agreement that obligates the seller to provide the specified products or services and obligates the buyer to pay for them |
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| This document, also called a tender or quote (short for quotation), is prepared by sellers providing pricing for standard items that have been clearly defined by the buyer |
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| A contract in which the buyer pays the supplier for allowable performance costs plus an award fee based on the satisfaction of subjective performance criteria |
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| contractors, suppliers or providers who provide goods and services to other organizations |
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| A document used to solicit proposals from prospective sellers |
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