project management glossary

contract guarantee

 A legally enforceable assurance of performance of a contract by a contractor.

contract integrity

 The adherence and compliance to contractual and legal policies, regulations, and other guidance.

contract law

 The law governing the contract, usually the law of the land in which the work of the contract takes place. Where the work of a project takes place in different locations, different law may apply.

contract line item numbers

 An identifier used in Request for Proposals to describe deliverables under the contract.

contract manager

 The manager responsible for overseeing all aspects of contract preparation and administration.

contract negotiation

 Method of procurement where a contract results from a bid which may be changed through bargaining.