Definition:
A legal, written agreement between two or more parties to perform certain services in exchange for money or other remuneration; also used to describe a type of funding in which specific services are performed for a set fee. Contracts are often awarded on the basis of a Request for Proposal, often referred to as an RFP.
Related Terms:
RFP
Grant
Independent Contractor
Related Information:
Independent Contracting
Government Contracting
Legal Resources for Small Business
Related Books:
Successful Proposal Strategies for Small Business
Win Government Contracts for Your Small Business
More Books about Contracting
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