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A blanket order, blanket purchase agreement or call-off order [1] is a purchase order which a customer places with its supplier to allow multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring need for expendable goods.
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Data requirements can also be identified in the contract via special contract clauses (e.g., DFARS), which define special data provisions such as rights in data, warranty, etc. SOW guidance of MIL-HDBK-245D describes the desired relationship: "Work requirements should be specified in the SOW, and all data requirements for delivery, format, and ...
The Local 77 chapter of the American Federation of State, County and Municipal Employees is a Duke University labour union established in August 1965. It initially began as the Duke Employees Benevolent Society in February 1965, led by Oliver Harvey. The formation of Local 77 was directed towards improving work conditions for the working-class ...
An Antideficiency Act violation can also occur when a contract uses funds in a period that falls outside of the time period the funds are authorized for use under what is known as the Bona Fide Needs rule (31 USC 1502), which provides: "The balance of a fixed-term appropriation is available only for payment of expenses properly incurred during ...
Some plans offer a grace period into the new year or allow rolling over a portion to next year, but many follow a strict "use it or lose it" policy. FSA funds cover a broader range of health ...
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A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition . [ 1 ]