Definitions for "Negotiated Contract" Add To Word List
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a formal arrangement for the supply of goods or services at a price agreed upon by both buyer and seller.
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a contract resulting from dickering over the terms of the agreement
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a contract that governs services whose authorizing statute requires the department to select the performing entity using a process other than the use of competitive bids
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a fine tuned pre-construction contract that is modified to the clients satisfaction
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In a negotiated contract the client selects, at the outset, one main contractor with whom to negotiate. In essence the arrangement is the same as that for a two-stage tender.
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