1.0 Chapter Introduction. When used in this chapter, the terms contract type. and type of contract refer to the contract compensation. arrangement. The contract compensation arrangement is the. method of determining the dollars due to the contractor. under the contract.
A budget (derived from old French word bougette, purse) is a quantified financial plan for a forthcoming accounting period.he budget of a government is a summary or plan of the intended revenues and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budget, and the cash or cash flow budget.
1A plan of action designed to achieve a long-term or overall aim. âtime to develop a coherent economic strategyâ. mass noun âshifts in marketing strategyâ. âThe pension funds have a different mix of strategies designed to encourage customers to take the plunge.â. âTaken as a whole, this endeavour can be seen as a long-term strategy for winning the peace.â. âThey were there as part of a longer-term strategy to identify and foster new talent.â. âThe strategy is a national strategy and it is designed to benefit the whole country.â.