As performance-based contracting grows, it is clear that not all performance-based contracts are firm, fixed price. Conversely, all firm, fixed price contracts are not really performance based. A performance-based contract can be any type of contract, even time and materials.
The abbreviation cwt stands for hundredweight. Unfortunately there are two different definitions of a hundredweight. In the United Kingdom, where it has been replaced by the metric system, a hundredweight is 112 pounds, or 8 stone. In the United States, it is 100 pounds. Carol Buchholz Slack.
CWT in freight is calculated by dividing the total weight of a shipment by 100, since CWT means âcents per hundred pounds.â To calculate freight charges, multiply the applicable rate per unit of...