NIB Connection

Methods Time Measurement; predetermined time standard used to determine average production rates for non-disabled employees.

Something of value given in return for a performance or promise of performance by another.

Contract Value in Dollars

Indefinite Delivery/Indefinite Quantity

Shippable cartons packed inside master shipping cartons that contain selling units. These can be taken out of the master shipping carton and reshipped individually for a smaller order quantity.

Economic Order/Ordering Quantity

Definite Quantity Contracts; exact quantities and delivery dates are specified; different from requirements contract or indefinite quantity contracts

Written authorization, prior to production or provision of a service, to depart from specific requirements for specified quantity or specified time.

Amount required to recover value of material, labor, and burden involved in manufacturing or servicing; difference between “cost” and “price” determines profit/loss.

Wages based on the worker’s individual productivity, no matter how limited, in proportion to the wage and quantity of work performed in the same job in the geographic area from which the labor force of the community is drawn.