Term: Contract

Primarily the legal agreement between the client and the contractor that specifies the terms and conditions under which the Work is to be delivered.  In some industries, however, it refers to the body of Work executed by the contractor under the contract: what some other industries refer to as a “project.”

See also “draft contract.”

If you found this useful, please share it . . . Facebooktwittergoogle_pluslinkedinmail

Comments Off on Term: Contract

Filed under RFP Response Terminology

Comments are closed.