Compensation, usually a monetary
judgment, awarded to one party in a contract
who suffers harm or loss that is the result of
negligence or breach of contract on the part
of another party. See also: Liquidated
Damages, Penalty Charge.
Article or substance that is
capable of posing a significant risk to health,
safety, or property and which, when
transported, is subject to special regulations.
See Defense Acquisition Regulations.
Factual information required by
a contract that is organized for analysis (e.g.,
technical data, cost data, administrative
A technology term that refers to
a collection of data received from various
transaction systems that is accessible to
various personnel throughout the
organization. (ISM 2000)
A structured set of data stored in a
computer, especially one that is accessible in
multiple ways. (Oxford Dictionaries 2015)
Date of input (forecast last amended)
1. The date of the last amendment entered into
2. The date input was entered into a system.
A federal law enacted in 1931
that requires contractors who perform public
works construction projects that are federally
funded to pay their workers the prevailing
wage rate paid in the area in which similar
work is done, as set by the Secretary of Labor.
1. To prohibit a supplier/contractor from
submitting offers on future requirements for
cause for a certain period of time.
2. A sanction brought against a seller whereby
they may not engage in future procurement
3. To exclude or shut out of future solicitations
and contracting opportunities.
See also: Suspension.
A practice primarily used during the
Request for Proposals process, whereby the
contracting authority will meet individually,
generally upon request, with each proposer
whose proposal was not deemed appropriate
for an award, to discuss the strong and weak
points of that supplier's proposal.