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(a) Definition. Award-term contracting is a method, based upon a pre-determined plan in the contract, to extend the contract term for superior performance and to reduce the contract term for substandard or poor performance.
Contract Award: Awarding a contract refers to the process of notifying a tenderer that they have been formally chosen as the supplier for a particular contract upon acceptance of their bid or proposal.
5 Key Stages in Awarding a Contract fulfilling a contract request. engaging in contract authoring. taking part in contract negotiations. contract approval routing. and contract signature processes.
Financial aid offices use the award letter to provide students and their families with information about the composition of the financial aid package, the cost of attendance, and the institution's financial aid policies and procedures.
More Definitions of Award Agreements Award Agreements means a written agreement, contract, certificate or other instrument or document evidencing the terms and conditions of any individual grant of Stock Options under the Stock Option Plan.
An award, sometimes called a distinction, is something given to a recipient as a of recognition of excellence in a certain field.