Single value bid. Expected to cover all cost for the project involved. Includes equipment, labor, material, overheads, and services, as well as the contractor’s fee or bonus for completing the items of work comprising the job. All of this is done without providing a cost breakdown.
Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Portugal, and SaoTome and Principe are countries where Portuguese is the common language.
A contract requiring no cost breakdown. The principal, either customer or owner, agrees to pay a specified amount for work a contractor completes.
Surface illuminance metric (SI) unit. Defined as an illumination of one lumen per square meter. In contrast, sunshine gives 80,000 to 100,000 lux to the surface it hits. Also refer to luminance and candela.
One-time, single large payment. No smaller payments; no intervals.
the term that is given to a one lump payment instead of periodic smaller payments.
As applied to judicial sales, this term means a sale in mass, as where several distinct parcels of real estate, or several articles of personal property, are sold together for a “lump” or single gross sum. Anniston Pipeworks v. Williams, 100 Ala. 324, IS South. Ill, 54 Am. St. Rep. 51.
Lunacy is that condition or habit in which the mind is directed by the will, but is wholly or partially misguided or erroneously governed by it; or it is the im- pairment of any one or more of the faculties of the mind, accompanied with or inducing a defect in the comparing faculty. Owings’ Case. 1 Bland (Md.) 380, 17 Am. Dec. 311. See INSANITY.
Belonging to or measured by the revolutions of the moon.
Used in tidal predictions , consist of a period of 24 hours and 50 minutes. Also known as tidal day.