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negotiated contract |
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negotiated contract [nə′gō·shē‚ād·əd ′kän‚trakt]
(industrial engineering) A purchase or sales agreement made by a United States government agency without normally employing techniques required by formal advertising. negotiated contract A building contract in which the amount of the contract sum is established by agreement between the owner and the contractor, rather than by putting the work out to bid. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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