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Guide to Contracting ITS Projects (2006) / Chapter Skim
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Contract Terms and Conditions Definitions
Pages 27-31

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From page 27...
... Commercial Computer Describes the specific restricted rights for contracts computer Software-Restricted Rights software of the agency and contractor. Commercial Warranty Insures the contractor agrees to provide the most favorable commercial warranties the contractor gives to any of its customers for supplies or services.
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From page 28...
... Contract Affidavit Affirms that the contractor is indeed a recognized business entity, either domestic or foreign, and the individual signing the contract is duly authorized to do so by the business. Contractor Inspection Requires the contractor to be responsible for performing all Requirements inspections and tests necessary to insure conformance with contract requirements.
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From page 29...
... Financial Disclosure Requires the contractor to file specific information to include disclosure of beneficial ownership of business interests. Fixed Fee Provides the contractor with a predetermined amount of fee to be paid by the agency assuming the contractor satisfactorily completes the requirements under contract.
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From page 30...
... Officials Not to Benefit Protects against agency officials sharing or benefiting in any way from a contract. Option for Increased Quantity Allows the agency to increase the quantities of supplies called for in the contract at the contract bid price.
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From page 31...
... Truth-In-Negotiation Requires the contractor to certify that their wage rates and Certification other factual unit costs are current and accurate at the time of contract award. Unnecessary Elaborate Informs the contractor that elaborate proposals are not Contractor Proposals desired and may be an indication of the contractor's lack of cost consciousness.
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Key Terms

  • conditions definitions
  • contract award
  • contract disputes
  • bid samples
  • specific information

  • bid guarantee
  • state laws
  • fee provides
  • file specific
  • late bids

  • financial risk
  • brand name
  • sealed bidding
  • state law
  • federal contract

  • financial disclosure
  • agency officials
  • specific deliverables
  • contracts computer
  • contract value

  • federal grant
  • contractor warrants
  • contractor provides
  • contractor inspection
  • agency requires

  • price certification
  • contract identifies
  • specific requirements
  • contracts transportation
  • agency employees


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