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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

estimating system

Law; Contracts

Policies, procedures, practices, and historical data employed in generating cost estimates.

estimating rationale

Law; Contracts

Basis or reasoning used in developing an estimate that makes it credible or valid.

estimating

Law; Contracts

In general, computation of a price with regard to time and resource requirements upon which a firm quotation is based.

extension clause

Law; Contracts

Provision in a contract that allows the contracting parties the option of continuing the contract after its stated expiration date.

extended warranty

Law; Contracts

An extension of the coverage period on a standard warranty. With an extended warranty, the consumer is able to extend the time that the producer is liable to pay for covered ...

express warranty

Law; Contracts

Spoken or written promise concerning the character, nature, performance, purpose, quality, state, or use of an item, made by a seller while negotiating with a buyer. In contrast ...