Dictionary of Procurement Terms

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Search Results: 21-30 of 353 results for “C”

  • Capital Equipment

    Durable assets listed on an entity's accounting records that have value and can usually be depreciated.

  • Capital Gain

    1. The positive difference between a security’s purchase price over the selling price (assuming that the selling price is greater than the purchase price). 2. An increase in the market or accounting value of an asset. (Schiller, 2000)

  • Capital Improvement Plan (CIP)

    A multi-year plan that forecasts spending for anticipated capital projects and equipment purchases. Also called Capital Improvement Program (CIP).

  • Capital Intensive

    Production processes that reflect a high ratio of capital to labor inputs. (Schiller, 2000)

  • Capital Lease

    CANADA A lease that transfers substantially all the benefits and risks incident to ownership of the property to the lessee.

  • Capital Project Funds

    Monies used to acquire major assets with a useful life of more than one year, which may be financed by some form of long-term debt.

  • Cardinal Change

    A change that is beyond the scope of the contract, and thus cannot be ordered by the contracting officer under the contract’s change clause. Cardinal changes are breaches of contract. They are outside of the scope of the contract.

  • Cardinal Rule

    1. To give plain meaning to contract terms unless the agency or legislation assigned a special meaning to the term. 2. When silent to an interpretation, cardinal rule allows for the meaning that fits most logically and comfortably into the body of both previously and subsequently enacted law to be utilized.

  • Cargo

    The freight or lading of a ship, a ship-load. (OED Online)

  • Carload

    1. The minimum weight, as defined by law, of a shipment entitled to a reduced freight rate. 2. The shipment amount that fills a freight car (or truck). 3. A load that fills the maximum capacity of a transporting unit.

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