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Contracting

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Contracting out of State Second Pension
Redirecting some or all National Insurance contributions that fund a State Second Pension into another pension scheme.
Contribution ...

 


Contracting Parties.
Contracting parties are the signatory countries to the GATT. These countries have accepted the specified obligations and privileges of the GATT agreement.

CONTRACTING PARTY
A country or economic entity that has adhered to the General Agreement on Tariffs and Trade, thereby accepting the body of specified obligations and benefits contained therein.

The Contracting Process
When the owner determines that the project is feasible and construction financing is available, he will solicit bids from general contractors and/or specialty contractors.

Term Contracting. A technique in which a source of supply is established for a specified period of time. The contract often has an estimated or minimum quantity.

Forward Contracting
A cash transaction common in many industries, including commodity merchandising, in which a commercial buyer and seller agree upon delivery of a specified quality and quantity of goods at a specified future date.

Contracting work carried out at sea (e.g. drilling for oil).
Oil Bulk Ore Vessel
Abbreviation: OBO-Vessel ...

Contracting standards refer to the types of contracts that may be entered with an appropriately initiated counterparty.

Contracting - Purchasing, renting, leasing, or otherwise obtaining supplies or services from nonfederal sources.

By contracting the money supply, a higher fed funds rate means banks will increase variable rate mortgages, consumers will borrow and spend less, and businesses will stop raising prices and giving raises. This usually heads off inflation.

Selective contracting arguably led to the slower rate of increase in health insurance premiums through the mid-1990s. Since that time insurance premiums have increased more rapidly.

Instead of contracting for royalties, the band decided to publish their first and second videos on the site, YouTube. This gave access for all to the band's videos, and to free downloads.

See Forward Contracting.
Cash Market
A market in which transactions for purchase and sale of the physical commodity are made under whatever terms are agreeable to buyer and seller and are legal under law and the rules of the market organization, ...

A method of contracting the construction of a manufacturing, power generating, ...

A promise by a contracting party that the other party can rely on certain facts or representations as being true.
Warsaw Convention
An international multilateral treaty which set the conditions of international transportation by air.

Subcontracting
Delegation by one firm of a portion of its production process, under contract, to another firm, including in another country. A form of fragmentation.
Subgame
A portion of a game that is itself a game.

Personal Service Contracting
Monthly Reports
Competitive Procurement
Client Service Contracting
Training
Interagency Contracts Coordinating Team
Additional Contracting Resources
Contact Us ...

Outsourcing is the contracting out of work, that was previously done within an organisation, to an external provider. There are a number of reasons for outsourcing, the commonest are to enable a business to focus on its core business or to save costs.

Set of contracts perspective View of corporation as a set of contracting relationships among individuals who have conflicting objectives, such as shareholders or managers.

Economies of vertical integration Produced by achieving lower operating costs by owning all components of production and sometimes sales outlets rather than contracting with companies in the outside marketplace.

CHERRY PICKING -- Term used in the USA in R&D arrangements to prevent a contracting party from selecting or funding only the technologies that are successfully developed, i.e. "cherry picking".

an injured party contracting AIDS through a blood transfusion necessitated by an accident and then bringing suit against the driver, who is found negligent under the tort liability system.

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malpractice, failure to provide professional services with the skill usually exhibited by responsible and careful members of the profession, resulting in injury, loss, or damage to the party contracting those services.

Contracting Out
A UK term that refers to contracting out of S2P (State Second Pension). A person can contract out by joining an employer's pension scheme wh...(Read more)
Contracts For Difference ...

Optimal contract The contract that balances the three types of agency costs (contracting, monitoring, and misbehavior) against one another to minimize the total cost.

One decision that needs to be made with EaR or CFaR is whether to use a constant or contracting horizon. If management wants an EaR analysis for quarterly earnings, should the analysis actually assess risk to the current quarter's earnings?

It was declared by an act of the Scottish parliament (1621, c. 18) that no debtor after insolvency should fraudulently diminish the fund belonging to his creditors, and if a deed of assignment was gratuitously executed after the contracting of debt ...

In a services company, this is more likely to be personnel costs for people delivering the service, or subcontracting costs.

Typically, hedging involves a trader contracting to buy or sell one particular good at the time of the contract and also to buy or sell the same (or similar) commodity at a later date.

Since modern firms can only emerge when an entrepreneur of some sort begins to hire people, Coase's analysis proceeds by considering the conditions under which it makes sense for an entrepreneur to seek hired help instead of contracting out for some ...

Normally, a consultant is not an employee of a contracting company, rather a consultant works as an independent party. A consultant is usually very skilled, having vast training in and knowledge of a particular field.

Jack Castle owns an electrical contracting company, Castle Electric. Jack provides a variety of products and services to clientele.

Head of Contracting Activity
Head of Contracting Agency
Head of Contracting Office
Head of Culture, Sport and Community Development (UK)
Head of David
Head of Defence Export Services (UK)
Head Of Delegation
Head of Department
Head of Femur ...

Will it be absorbed serenely by a contracting economy and bring about some sort of economic equilibrium? Will it lead to immediate, massive inflation and all the shock and dislocation that should attend that phenomenon? No one knows.

Definition: [crh] View of corporation as a set of contracting relationships among individuals who have conflicting objectives, such as shareholders Definition: or managers.

But when inflation is accompanied by a contracting economy (this is known as stagflation - a sort of stagnation combined with inflation), it is not healthy at all.

At a time when the US housing market is contracting, the job market is deteriorating and consumer spending is at risk, the US economy needs a weaker dollar.

View of corporation as a set of contracting relationships, among individuals who have conflicting objectives, such as shareholders or managers. The corporation is a legal contrivance that serves as the nexus for the contracting relationships. ...

More recent corporate developments include downsizing, contracting-out or out-sourcing, off-shoring and scoping down activities to core business, as information technology, global trade regimes, ...

outsourcing: Term used in business to identify the process of sub-contracting work to outside vendors.

Outsourcing - The contracting out of work to of the businesses that might otherwise have been performed within the organisation.
Outstanding - The amount owed as a debt, example: outstanding bills.

The contract that balances the three types of agency costs (contracting, monitoring, and misbehavior) against one another to minimize the total cost.
Optimum capacity
The amount of manufacturing output that creates the lowest cost per unit.

Novation: The transfer of rights and obligations from one contracting party (which is released of those obligations) to a third party, with the agreement of each of the other contracting parties.
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Most contracting positions are factored into a quarterly budget and if that budget should shift significantly from one quarter to the next, usually the first things to get cut are contract positions.

A type of managed care organization composed of a group of independent physicians who have formed an association as a separate legal entity for contracting purposes.

A sum of money that a contracting party agrees to pay to the other party for breaching an agreement.
Liquidation ...

"Bilateral exchange contract classification in Islamic fiqh muamalat, in which each of the contracting parties gives and receives an equivalent countervalue, such as a sale, purchase or lease contract. Antonym: noncommutative/ tabaru'." ...

DOWNTURN - The transition point between a rising, expanding economy to a falling, contracting one.
DOWNWARD SLOPING YIELD CURVE - A yield curve depicting a situation in which yields for shorter-term mat...

Economic Indicators
Key statistics indicating the direction (expanding or contracting) of the economy. Some indicators are the unemployment rate, inflation rate and balance of trade.

The capital markets are the markets for the firms’ securities. Managers are motivated by reputation and contracting considerations to maximize firm value, this creates an incentive to release full information to the capital market.

The transition point between a rising, expanding economy to a falling, contracting one.
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Personal Finance Glossary ...

A company’s stock price may go up or down depending on whether investors think its industry is growing or contracting.

A legally binding agreement between two or more competent parties fixing the precise terms and details for a voluntary exchange of goods or services over which the contracting parties possess property rights.

Produced by achieving lower operating costs by owning all components of production and sometimes sales outlets rather than contracting for companies in the outside marketplace.
EDGAR ...

Unearned Income
Income received for work not yet finished, such as payment in advance for contracting work.

Privatization The sale or transfer of state-owned property and businesses to the private sector, in part or in whole. Also refers to contracting out - letting private business take over government-provided services such as trash collection.

Economies of Vertical Integration - Achieving lower operating costs by bringing the entire production chain within the firm rather than contracting through the marketplace.

OSDBU (Office of Small and Disadvantaged Business Utilization): These offices offer small business information on procurement opportunities, guidance on procurement procedures, and identification of both prime and subcontracting opportunities ...

Traded on an organized exchange and based on the exchange's rules, a futures contract constitutes an agreement calling for the delivery of a commodity at a pre-determined future date at a price established at the time of contracting.

See also: Expense, Banks, Compensation, Saving, Job