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 In the United Kingdom, where it has been replaced by the metric system, a hundredweight is 112 pounds, or 8 stone.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.
Save. QED stands for the Latin--quod erat demonstrandum--that is demonstrated.. QED is a traditional annotation to mark the end of an argument or mathematical proof. Both the meaning and the abbreviation have undergone some evolutions.1  What Does Et Al Mean in Real Estate?2  What Is the Meaning of Bhp?ED stands for the Latin--quod erat demonstrandum--that is demonstrated.. QED is a traditional annotation to mark the end of an argument or mathematical proof.