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 In the United Kingdom, where it has been replaced by the metric system, a hundredweight is 112 pounds, or 8 stone.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.
Used mainly on eBay when auctioning off clothes or shoes, the acronym NWT means New With Tags, and NWOT is similar but stands for New Without Tags. As a new eBayer, you might see these odd expressions all over the place and not know what they mean, such as Swiss Army Watch - NWT. Just as the definition describes, this example means the same as This product is brand new and even still includes the tag.