Tag: Terms starting with C

Distinguishing the noun and verb uses of “cost.”

Explains the usage of commercial off-the-shelf (COTS).

Explains the term, its significance in the schedule for submitting deliverables, and the related acronym, “MACA.”

The period of time for which the contractor will provide the Work under the contract. Sometimes defined as a base period plus one or more option periods. Note that the choice to exercise said option is the client’s unilateral one.