Negotiated contract

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

An agreement between a design professional and owner, or between a contractor and owner, reaching a mutually agreed upon price based on the scope of professional services, or extent of construction work.

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.
References in periodicals archive ?
Further, Crestwood has successfully negotiated contract extensions with active producers on the Arrow system resulting in an average remaining term of 9.3 years.
All projects awarded through negotiated contract will still be subjected to existing government audit rules and regulations.
Contract award notice: Negotiated contract with exclusivity for the maintenance of soluscope branded endoscopes (france-arras: Preventive maintenance services)
The negotiated contract settles, on confidential terms, the claims and counterclaims between the parties in the previously announced arbitration.
The deal was complicated by the presence of a negotiated contract for the purchase of the property two years prior.
Then, if they can prove they were damaged by the IPA's activity (i.e., lost profits from lost business, lost profits because they had to pay too much for the business they had under the illegally negotiated contract), the IPA will have to pay triple damages to the managed care organizations that sue.
Since 1994, our dues pay the lawyer's retainer." ABT's most recently negotiated contract guarantees its dancers thirty-six weeks of work annually, excellent health coverage, a 403b pension plan (a tax-sheltered annuity employee plan) and a steady 4 percent increase in salary through 2004, a big improvement over the dismal 1993 settlement.
forward contract A privately negotiated contract to buy or sell a commodity for an agreed-on price on a certain future date.
Rather, the state contends that a salary reduction agreement "requires an individually negotiated contract under which an employee agrees to a salary reduction and an employer agrees to contribute the amount of the reduction to a qualified trust for the employee's benefit." According to the state, although New Mexico's pickup plan is one described in Sec.
Contract award notice: Negotiated contract for carrying out the dpni test with the supply of reagent kits, Equipment and associated maintenance.
The newly negotiated contract provisions have an estimated total contract value exceeding USD50m over the next four years.
As a result, the payer receives an amount that is not correct, according to the negotiated contract, and applies automated or manual rules logic to it to "adjudicate" the claim.