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A contract or order that has been awarded to a supplier/contractor and is a mutually binding legal relationship obligating the supplier to furnish the supplies or services (including construction) that can be invoiced, and the buyer to pay for them. It includes all types of commitments that obligate the DoD to an expenditure of appropriated funds and that, except as otherwise authorized, are in writing. In addition to bilateral instruments, contracts include, but are not limited to, awards and notices of awards; job orders or task letters issued under basic ordering agreements; letter contracts; and orders, such as purchase orders, under which the contract becomes effective by written acceptance or performance. The contract will contain at least the following: price, quantity, delivery date, ship-to, bill-to other terms and conditions, specification and charge code. Contracts or orders could include Fixed-price, Cost-reimbursement, Incentive, Grants, Cooperative Agreements, Other Transactions, Interagency Procurements Under the Economy Act, Intra-agency order, Indefinite-Delivery type orders, orders against Basic Agreements, Basic Ordering Agreements and Federal Supply Schedules. |