Dictionary of Procurement Terms

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Search Results: 271-280 of 353 results for “C”

  • Cost Breakdown

    The detailed analysis of the contractor’s pricing that may include overhead and profit. (Burt, Dobler, & Starling, 2003)

    See Also: Cost Analysis

  • Cost Containment

    A detailed plan to hold costs and purchase prices within certain target limits over a period of time. (ISM, 2000)

  • Cost Contract

    A cost-reimbursement contract in which the contractor receives no fee.

    See Also: Cost-Reimbursement Contract

  • Cost Drivers

    The factors and forces that influence the nature and level of cost incurred by an enterprise. (ISM, 2000)

  • Cost Element

    A direct or indirect cost of providing a good, service, or construction, such as labor, materials, fringe benefits, or travel.

  • Cost Estimate

    A forecast amount as distinguished from an actual outlay, based upon related cost information available at the time and anticipated future conditions. The process of calculating the probable cost of a job.

  • Cost Objective

    A function, organizational unit, or contract for which costs are to be determined and cost data accumulated.

  • Cost of Goods Sold

    The dollar amount equal to beginning inventory plus net purchases less ending inventory. (Schiller, 2000)

  • Cost Ordering

    CANADIAN In calculating economic order quantity, the costs which increase with the number of orders placed; includes costs related to the clerical work of preparing, issuing, following and receiving orders, physical handling of goods, inspection, and machine set-up costs, if the order is being manufactured.

  • Cost Plus Award Fee Contract (CPAF)

    A cost reimbursement contract that provides for a base fee amount fixed at inception of a contract, and an additional fee to be determined at time of fee award that is based on an evaluation by the purchaser as to the quality of the contract performance, and the evaluator’s assessment as to the fee amount necessary to motivate the contractor toward excellence.

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