Better RFP Responses & Management
 
Category: <span>Terminology</span>

Term: Draft Contract

An RFP section that lays out the proposed terms and conditions under which the Work will be contracted. Sometimes open for discussion through the Q&A process, but unilateral rejection of any term or condition at the time of submission is usually considered grounds for finding a proposal non-compliant.

Term: Contract

Primarily the legal agreement between the client and the contractor that specifies the terms and conditions under which the Work is to be delivered. In some industries, however, it refers to the body of Work executed by the contractor under the contract: what some other industries refer to as a project.